Define what is my current payoff on my loan

Reference no: EM131936934

Question: Assume that exactly three years ago I borrowed $417,000. My loan has an interest rate of 4.25% and the term of the loan is 30 years (with required payments to be made every month). If I made every required payment on time for the first 36 months of the loan, what is my current payoff on my loan (that is, immediately after making my 36th payment)?

Reference no: EM131936934

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