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Eight years ago you took out a $300,000, 25-year mortgage with an annual interest rate of 12 percent and monthly payments of $3,159.67. What is

Eight years ago you took out a $300,000, 25-year mortgage with an annual interest rate of 12 percent and monthly payments of $3,159.67. What is the outstanding balance on your current loan if you just make the 96th payment?

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