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3 A 20-year mortgage has an annual interest rate of 5.95 percent and a loan amount of $195,000. (Hint: Use the CUMPRINC function in Excel.)

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3 A 20-year mortgage has an annual interest rate of 5.95 percent and a loan amount of $195,000. (Hint: Use the "CUMPRINC" function in Excel.) What is the remaining balance at the 180th payment? (Round your answer to 2 decimal places.) Balance 5 points

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