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A 30-year mortgage has an annual interest rate of 6 percent and a loan amount of $260,000. (Hint: Use the CUMPRINC function in Excel.) What

A 30-year mortgage has an annual interest rate of 6 percent and a loan amount of $260,000. (Hint: Use the "CUMPRINC" function in Excel.) What is the remaining balance at the 60th payment? Note: Round your answer to 2 decimal places

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