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You recently obtained a loan to purchase a home; the loan terms included annual payments of $16,192 for a 30-year term at an interest rate

You recently obtained a loan to purchase a home; the loan terms included annual payments of $16,192 for a 30-year term at an interest rate of 4 percent.What was the amount of the initial loan?

Use time value of money factors with at least four decimal places then round your final answer to the nearest whole dollar.

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