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YOU DECIDE TO TAKE OUT A 25-YEAR CANADIAN MORTGAGE FOR $375000 AT 5% APR. WHAT WILL YOUR OUTSTANDING BALANCE BE AT THE END OF

YOU DECIDE TO TAKE OUT A 25-YEAR CANADIAN MORTGAGE FOR $375000 AT 5% APR. WHAT WILL YOUR OUTSTANDING BALANCE BE AT THE END OF THE MORTGAGE'S INITIAL 5-YEAR TERM? SHOW ALL OF YOUR WORK!

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