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You bought a house worth $322,000 You paid 25% of the purchase price in cash and arranged a twenty-year mongage with a rate of 55%

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You bought a house worth $322,000 You paid 25% of the purchase price in cash and arranged a twenty-year mongage with a rate of 55% compounded semi-annually for the remaining balance. The mortgage has an amortization period of 20 years after having mode payments for 5 years (starting at the end of the first month), what will the outstanding balance of the mortgage be? The outstanding balance of the mortgage after 5 years will be s (Round the final answer to two decimal places as needed. Koop all decimal places as you work through the

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