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Jake paid $9840 in interest on his interest-only home loan last year. If his interest rate was 7%, how much was the balance on his

Jake paid $9840 in interest on his interest-only home loan last year. If his interest rate was 7%, how much was the balance on his loan? $140,571.43 $156,935.21 $763,109.63 $893,107.02

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