Question: Gisella borrows $ 1 2 0 , 0 0 0 from Capital Mortgage Co . at 9 % per annum interest, monthly payments for 3

Gisella borrows $120,000 from Capital Mortgage Co. at 9% per annum interest, monthly payments for 30 years. At the end of 6 years, she sells the house and will pay off the loan at the closing of sale (assume that the sale takes place at the end of the sixth year). What will her loan payoff be?

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