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determine the outstanding balance of the loan WKU Blackboard NOTICES My W B FIN30-002 PRINCIPLES OF FINANCE ich 1195 Sare Homework: HW 6 Annuity and

determine the outstanding balance of the loan
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WKU Blackboard NOTICES My W B FIN30-002 PRINCIPLES OF FINANCE ich 1195 Sare Homework: HW 6 Annuity and Perpetuity Score of 1 pt P6-38 (similar to) 5 of 9 (1 complete HW Score: 11111 OOO O FIN33U-U02 (Fa 19): PRINCIPLES UF FINANCE Millder villdbe. 925719 0.45 PM Save Homework: HW 6 Annuity and Perpetuity Score: 0 of 1 pt 5 of 9 (1 complete) HW Score: 11.11%, 1 of 9 pts P6-38 (similar to) Question Help (Related to Checkpoint 6.3) (Determining the outstanding balance of a loan) Eight years ago you took out a $200,000, 20-year mortgage with an annual interest rate of 10 percent and monthly payments of $1,930.04. What is the outstanding balance on your current loan if you just make the 96th payment? If you just make the 96th payment, the outstanding balance on your current loan is $ (Round to the nearest cent.)

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