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You purchase a beach house for $190,000. Since you are able to make a down payment of 20%, you are able to obtain a $152,000

You purchase a beach house for $190,000. Since you are able to make a down payment of 20%, you are able to obtain a $152,000 mortgage for 25 years at 6% annual rate of interest. What is the balance of the loan at the end of the SECOND year? Don't round intermediate calculations; round final answer to the whole dollar. Write your answer in the format $119,827

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