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A 1 5 - year mortgage has an annual interest rate of 6 . 1 percent and a loan amount of $ 1 9 0

A 15-year mortgage has an annual interest rate of 6.1 percent and a loan amount of $190,000.(Hint: Use the "CUMPRINC" function in
Excel.) What is the remaining balance at the 48th payment?
Note: Round your answer to 2 decimal places.
Balance
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