Narrative 14-2For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
 
Refer to Narrative 14-2. The Shelly's monthly mortgage payment for principal and interest is $370.35 on a $45,000 mortgage at for 25 years. What will the loan balance be after they make the first payment?

What will be an ideal response?


$44,957.78

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