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You purchase a $300,000 house. You put 20% down and finance the reminder with a 30 year fixed rate mortgage with an APR of 4%.

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You purchase a $300,000 house. You put 20% down and finance the reminder with a 30 year fixed rate mortgage with an APR of 4%. Of course payments are monthly. What is the balance of the loan after the 48th payment? O $275,944.34 O $277,540.68 $280,719.20 O $222,032.54 $299,998.76

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