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You bought a house 5 years ago. To finance the purchase, you took out a mortgage for $250,000. The interest rate on the mortgage is
You bought a house 5 years ago. To finance the purchase, you took out a mortgage for $250,000. The interest rate on the mortgage is 4.7% and the amortization period is 20 years. You chose to make 52 payments per year and each payment is $369.27.Your last payment was yesterday. How much principal remains owing today?
The principal that remains owing today is
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