Question: You take out a 2 0 - year $ 2 9 0 , 0 0 0 mortgage loan with an APR of 9 % and

You take out a 20-year $290,000 mortgage loan with an APR of 9% and monthly payments. In 11 years, you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?
Note: Round the monthly loan payment to 2 decimal places when computing the answer. Round your answer to 2 decimal places.

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