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Now with only 22 years remaining on the mortgage what is

Bob bought a house eight (8) years ago. He received a mortgage of $300,000 and his payments have been made monthly. His annual stated interest rate was 4.90% and the loan had an original maturity of 30 years. Now with only 22 years remaining on the mortgage, what is the current mortgage balance?

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Finance Basics: Now with only 22 years remaining on the mortgage what is

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