Question: A past client has asked you to determine the amount owing on their current mortgage. Your client has already made 1 years worth of weekly

A past client has asked you to determine the amount owing on their current mortgage. Your client has already made 1 years worth of weekly payments. The original mortgage loan amount was $625,000 with a stated interest rate of 4.75% compounded semi-annually not in advance. The amortization is 20 years and the term is 5 years. Your client has always made weekly payments. What is the outstanding balance today, after 1 year of payments

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