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Posted on Aug 11, 2024

You want to take out a $ 1 2 6 , 0 0 0 mortgage ( home loan ) . The interest rate on the

You want to take out a $

126, 000

mortgage

(

home loan

) .

The interest rate on the loan is

5 %,

and the loan is for

30

years. Your monthly payments are $

676.40 .

How much will still be owed after making payments for

5

years? Round your answer to the nearest dollar.

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