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A 15-year mortgage has an annual interest rate of 6.4 percent and a loan amount of $180,000. ( Hint: Use the CUMPRINC function in Excel.)

A 15-year mortgage has an annual interest rate of 6.4 percent and a loan amount of $180,000. (Hint: Use the "CUMPRINC" function in Excel.) What is the remaining balance at the 54th payment? (Round your answer to 2 decimal places.)

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