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A homeowner takes a 20-year fixed-rate mortgage for $180,000 at 7 percent. After five years, the homeowner sells the house and pays off the remaining
A homeowner takes a 20-year fixed-rate mortgage for $180,000 at 7 percent. After five years, the homeowner sells the house and pays off the remaining principal. How much is the principal payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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