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For the past 11 years, Erin has owned a boutique clothing store. She purchased the store 11 years ago with a 15 year loan of

For the past

years, Erin has owned a boutique clothing store. She purchased the store

years ago with a 15 year loan of

$225,000

charging

6.7

annual interst with monthly payments. After making payments for the past

years, she sold the business for $450,000 and plans to use funds from the sale to pay off the remainder of her loan. Find the amount needed to pay off Erin's loan.

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