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How much will the lender receive

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Question: Consider a 20-year, $180,000 mortgage with an interest rate of 5.50 percent. After five years, the borrower (the mortgage issuer) pays it off. How much will the lender receive? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131781407

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