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Question 31 2 pts A home valued at $168,500 has just closed with a 70 percent LTV mortgage loan. The interest rate is 4.75 percent.

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Question 31 2 pts A home valued at $168,500 has just closed with a 70 percent LTV mortgage loan. The interest rate is 4.75 percent. The monthly payment is $$615.70 including principal and interest. What will the principal balance of the mortgage loan be after the first monthly payment is made? $117,560.28 $117.801.19 $117.913.56 $117.950.00

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