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What is the remaining loan balance of this loan

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Question - A borrower takes out a 30-year FRM for $300,000 with an annual interest rate of 4% plus 3 discount points. All the loan closing fees is $3,000 including fees to third parties. The monthly payment of the loan is 131.432.2459. What is the remaining loan balance of this loan at the end of year 1D?

Reference no: EM133173764

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