Pat and patricia refinanced the mortgage on their home last


Pat and Patricia refinanced the mortgage on their home last year and made their first payment on October 30 of last year. They have a $200,000, 15-year, fixed rate mortgage at 6%. If they make all the payments as called for, what is their loan balance on December 31 of this year?

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Business Economics: Pat and patricia refinanced the mortgage on their home last
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