Undergraduate

You want to take out a $ 1 3 1 , 0 0 0 mortgage ( home loan ) . The interest rate on the

You want to take out a $131,000 mortgage (home loan). The interest rate on the loan is 4%, and the loan is for 30 years. Your monthly payments are $625.41. How much will still be owed after making payments for 10 years? Round your answer to the nearest dollar.

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