Question: You borrow $ 4 0 0 , 0 0 0 for 3 0 years to purchase a house with an interest rate of 1 0

You borrow $400,000 for 30 years to purchase a house with an interest rate of 10.5 percent. What will your loan balance be after the first 15 years of payments? (Do not round intermediate calculations; round your final answer to 2 decimal places, e.g.,32.16. Do NOT include "$" in your answer.)

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