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27-10-2022
Mathematics

Answered

This year (10 years after you first took out the loan), you check your loan balance. Only part of your
payments have been going to pay down the loan; the rest has been going towards interest. You see that you
still have $128,779 left to pay on your loan. Your house is now valued at $190,000.
Your current situation
How much of the original loan have you paid off?

Answer :

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