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Please show all work and excel calculations, thanks! You take out a 20 -year $280,000 mortgage loan with an APR of 6% and monthly payments.

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Please show all work and excel calculations, thanks!

You take out a 20 -year $280,000 mortgage loan with an APR of 6% and monthly payments. In 16 years, you decide to sell your house and pay off the mortgage. What is the principal balance on the loan? Note: Round the monthly loan payment to 2 decimal places when computing the answer. Round your answer to 2 decimal places

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