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To purchase your home 18 years ago, you borrowed $384,000, using a 30-year fixed rate mortgage loan. The interest rate on the loan is
To purchase your home 18 years ago, you borrowed $384,000, using a 30-year fixed rate mortgage loan. The interest rate on the loan is 7.00% per year, compounded monthly. You have made all of your monthly payments on time and in full during these past 18 years. How much do you still owe on the loan today? (Enter your answer to the nearest whole dollar. Do not enter a dollar sign or any commas. For example, if your answer is $123,456.789, enter 123457. Do not worry if Canvas adds commas.)
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