(Answered) Assume that exactly four years ago i borrowed 417000 my

Management Studies

Assume that exactly four years ago I borrowed $417,000. My loan has an interest rate of 4.25% and the term of the loan is 30 years (with required payments to be made every month). If I made every required payment on time for the first 48 months of the loan, what is my current payoff on my loan (that is, immediately after making my 48th payment)?

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