What would be the outstanding loan balance after 5 years 60, Finance Basics

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What would be the outstanding loan balance after 5 years 60

Question: What would be the outstanding loan balance after 5 years (60 payments) on a 30-year fixed rate mortgage with monthly payments and a beginning loan amount of $100,000 and an interest rate of 5%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: What would be the outstanding loan balance after 5 years 60

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