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(Determining the outstanding balance of a loan) Ten years ago you took out a $ 250,000, 20-year mortgage with an annual interest rate of 12

(Determining the outstanding balance of a loan) Ten years ago you took out a $ 250,000, 20-year mortgage with an annual interest rate of 12 percent and monthly payments of $2,752.72. What is the outstanding balance on your current loan if you just make the 120th payment?

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