Ten years ago you borrowed $220000. The term of the loan was 20 years and...
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Accounting
Ten years ago you borrowed $220000. The term of the loan was 20 years and required monthly payments of $2422.39. The interest rate on the loan was 12 percent compounded monthly. You have just made the 120 th payment. What is the principal outstanding? $110000$168841.85$129912.11$155894.28
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