Question: a bank makes a 30 year fully amortizing FRM for $800,000 at an annual interest rate of 4% compounded monthly, with monthly payments. What is

a bank makes a 30 year fully amortizing FRM for $800,000 at an annual interest rate of 4% compounded monthly, with monthly payments. What is the difference between the balance and the market value of the loan after 36 monthly payments if the interest rises to 5%?

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