Question: Current Attempt in Progress Ten years ago you borrowed $480000. The term of the loan was 20 years and required monthly payments of $5285.21. The

Current Attempt in Progress Ten years ago you borrowed $480000. The term of the loan was 20 years and required monthly payments of $5285.21. The interest rate on the loan was 12 percent compounded monthly. You have just made the 120th payment. What is the principal outstanding? $283444.36 $368381.90 $240000 $340132.68

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