You take out a 30 year 100000 mortgage loan with an apr of


You take out a 30 year $100,000 mortgage loan with an APR of 6% 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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Finance Basics: You take out a 30 year 100000 mortgage loan with an apr of
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