Question: Five years ago, you bought a house borrowing 2 5 0 , 0 0 0 EUR at a 5 % annual percentage rate, with a
Five years ago, you bought a house borrowing EUR at a annual percentage rate, with a mortgage lasting years. The mortgage payments are made monthly. Today, exactly five years after you started the mortgage and bought the house, you decided to sell the house and reimburse the mortgage. The outstanding loan balance in EUR is closest to:
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