Several years ago, a $. 2,000,000 fixed rate, monthly amortizing mortgage was issued for 20 years at 5.5% rate.   The monthly payment is $13,758.   3.2% Prepayment penalty is applied to the loan balance. It is calculated at $34,130      

Consider no friction costs during origination of the loan.          

1. What is the loan balance at this time?

2. How many payments have already been made?(use rounded number)                          

3. What is the EBC if the loan is pre-paid now?