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You took out a 10 year loan of $200,000. The interest rate on the loan is 5.25% APR compounded monthly, and you make monthly payments
You took out a 10 year loan of $200,000. The interest rate on the loan is 5.25% APR compounded monthly, and you make monthly payments of $2,145.84. What is the remaining loan balance after 3 years?
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$140,000.00
$122,749.76
$150,566.88
$196,170.78
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