Question: PUT ANSWER IN TWO DECIMAL PLACES 14. You originally borrowed $300,000 to purchase your home with a 30-year fixed-rate mortgage at a 4.5% annual rate

PUT ANSWER IN TWO DECIMAL PLACES

14. You originally borrowed $300,000 to purchase your home with a 30-year fixed-rate mortgage at a 4.5% annual rate with monthly compounding. After 8 years of mortgage payments, what would be the mortgage balance on your home? (In other words, how much of the mortgage still needs to be paid?) Please enter a positive value and two decimal places

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