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Consider a 15-year, $110,000 mortgage with an interest rate of 5.75 percent. After two years, the...

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Finance

Consider a 15-year, $110,000 mortgage with an interest rate of5.75 percent. After two years, the borrower (the mortgage issuer)pays it off. How much will the lender receive? (Do notround intermediate calculations. Round your answer to 2 decimalplaces.)

Lender Receives:

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