(Answered) Principle balance on the loan

Finance

Problem: You take out a 20-year $300,000 mortgage loan with an APR of 12% and monthly payments. In 10 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?(Round the monthly loan payment to 2 decimal places when computing the answer. Round your answer to 2 decimal places.)

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What is the principle balance on the loan? Support your statements with examples

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