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You take out a 20-year $280,000 mortgage loan with an APR of 6% and monthly payments. In 16 years you decide to sell your house

You take out a 20-year $280,000 mortgage loan with an APR of 6% and monthly payments. In 16 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?(Round the monthly loan payment to 2 decimal places when computing the answer. Round your answer to 2 decimal places.)

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