Question: You borrowed $ 5 0 0 , 0 0 0 using a 2 5 - year, fully amortizing, constant amortizing loan. The interest rate is

You borrowed $500,000 using a 25-year, fully amortizing, constant amortizing loan.
The interest rate is 5.5% p.a. compounded monthly.
After you submit 222 monthly payments, the loan balance equals $ ____.

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