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What is the outstanding principal on kim house now

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Reference no: EM131556691

Question: FINANCING A HOME Eight years ago, Kim secured a bank loan of $180,000 to help finance the purchase of a house. The mortgage was for a term of 30 yr, with an interest rate of 9.5%/year compounded monthly on the unpaid balance to be amortized through monthly payments. What is the outstanding principal on Kim's house now?

Reference no: EM131556691

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