Question: For a $ 1 5 , 0 0 0 mortgage, with an interest rate of 5 . 5 % paid over 2 0 years, the

For a $15,000 mortgage, with an interest rate of 5.5% paid over 20 years, the monthly payment is $1,031.83. After one month, what is the balance of the loan? Round to the nearest dollar. Do not round until the final answer

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