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Problem 20-9 Mortgage Balances (LO1, CFA1) A homeowner takes a 20-year fixed-rate mortgage for $175,000 at 715 percent. After six years, the homeowner sells the

Problem 20-9 Mortgage Balances (LO1, CFA1) A homeowner takes a 20-year fixed-rate mortgage for $175,000 at 715 percent. After six years, the homeowner sells the house and pays off the remaining principal. How much is the principal payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Principal payment

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