Question: Assume a $ 2 0 0 , 0 0 0 house loan is amortized over 3 0 years at an interest rate of 5 .

Assume a $200,000 house loan is amortized over 30 years at an interest rate of 5.4%. Find the balance owed after 20 years, and find the monthly payment if the original loan were amortized over 15 years.

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