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A borrower takes out a year mortgage loan for 150.000 with an interest rate of...

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Finance

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A borrower takes out a year mortgage loan for 150.000 with an interest rate of 10 the loans set up as new amortization loan and the borrower makes no payments for the first five years on the loan What would be the outstanding balance of the loan at the end of Year 5? $502,839.30 $203.291.55 5246.796.34 $225,000.00

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