Question: FRM. (Term=30 years, Note Rate = 5.25%, Loan Amount = 800,000, Points=2) What is the balance after the 48th payment? please write out how the

FRM. (Term=30 years, Note Rate = 5.25%, Loan Amount = 800,000, Points=2) What is the balance after the 48th payment?

please write out how the solution was found

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