Question: Nicole obtains a fully amortizing 3 0 year Fixed Rate Mortgage with monthly payments for $ 8 5 0 , 0 0 0 at 5

Nicole obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $850,000 at 5.85%. How much loan balance does Nicole have after 20 years of payments (240 months)? Write the answer as a number rounded to two decimals (e.g. if you get $50,66666, write 50.67).

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