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    Finance/Accounting Problem - Amortizing Loan

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    You take out a 30-year $100,000 mortgage loan with an APR of 6 percent and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?

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    After 12 years of monthly payments at an APR of 6%, there would be a balance remaining on the loan of ...