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Problem 5-39 Amortizing Loan (LO3) You take out a 30-year $140,000 mortgage loan with an APR of 9% and monthly payments. In 16 years you

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Problem 5-39 Amortizing Loan (LO3) You take out a 30-year $140,000 mortgage loan with an APR of 9% 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? (Round the monthly loan payment to 2 decimal places when computing the answer. Round your answer to 2 decimal places.) Principal balance on the loan

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