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You took out a fully amortizing 30 year mortgage with the initial balance of $6305. This mortgage has a fixed interest rate at 4%. After
You took out a fully amortizing 30 year mortgage with the initial balance of $6305. This mortgage has a fixed interest
rate at 4%. After you completed five full years of monthly payments, what is the remaining balance on your mortgage?
Round your answer to the nearest cent (e.g. if your answer is $7000,9873, enter 7000.99).
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