Question: 7. Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What will be Ann's mortgage balance after

7. Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What will be Ann's mortgage balance after 20 years of payments (ie after 240 months)

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