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Determine the outstanding principal of the given mortgage. HINT [ See Example 7 . ] ( Assume monthly interest payments and compounding periods. Round your

Determine the outstanding principal of the given mortgage. HINT

[

See Example

7 .] (

Assume monthly interest payments and compounding periods. Round your answer to the nearest cent.

)

a $

100, 000, 37 -

year,

4.6 %

mortgage after

10

years

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