Bill took out a 30-year, $200,000 mortgage at 5% interest and monthly payments. After 12 years, Bill
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Bill took out a 30-year, $200,000 mortgage at 5% interest and monthly payments. After 12 years, Bill wants to pay off his house; about what is the principal balance on the loan? $155,321.69
$152,715.26
$149,981.63
$151,325.67
None of the above
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