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QUESTION
You take out a 20-year $240,000 mortgage loan with an APR of 12% and monthly payments. In 12 years you decide to sell your house and pay off the
You take out a 20-year $240,000 mortgage loan with an APR of 12% and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?
