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A 3 0 - year mortgage has an annual interest rate of 5 . 8 5 percent and a loan amount of $ 2 4

A 30-year mortgage has an annual interest rate of 5.85 percent and a loan amount of $245,000.(Hint: Use the "CUMPRINC" function
in Excel.) What is the remaining balance at the 84th payment?
Note: Round your answer to 2 decimal places.
Balance
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