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Calculate the unpaid balance on debt after 5 years of monthly payments on $160,000 @3% for 25 years.

Calculate the unpaid balance on debt after 5 years of monthly payments on $160,000 @3% for 25 years.

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8548598.xls

Loan Payment
Amount
Down Payment $436,000
$87,200 Loan Principal
Interest Rate
Term (Years) $348,800
4.375%
30 Amount
$348,800 Monthly Payment
($1,741.51) Annual Interest Rate
Years
Payment Per...

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