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When you purchased your house, you took out a 30-year mortgage with an interest rate of 4.8% per year. The monthly payment on the mortgage

When you purchased your house, you took out a 30-year mortgage with an interest rate of 4.8% per year. The monthly payment on the mortgage is $1,500. What is the payoff amount if you have lived in the house for 16 years? (Round to nearest dollar.)

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