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A bank originated a 30 year fixed rate mortgage with a

A bank originated a 30 year fixed rate mortgage with a stated rate of 5.2% per annum compounded monthly ten years ago. The original amount of the loan was $400,000 and payments are made monthly. The balance of the loan currently is ? show work on paper

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Financial Management: A bank originated a 30 year fixed rate mortgage with a

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Financial Management: A bank originated a 30 year fixed rate mortgage with a

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