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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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Posted Date: Feb 01, 2024 05:59 AM

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Bill took out a 30-year, $200,000 mortgage at 5% interest and monthly payments. After 12 years, Bill

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