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Suppose you plan to purchase a $250,000 home. You plan to put 5% down, and take...

Suppose you plan to purchase a $250,000 home. You plan to put 5% down, and take a loan from the bank for the remaining amount. The bank has offered you a 30-year loan with a 4.5% APR (compounded monthly). Assuming you make every monthly payment on time, calculate the principal balance of the loan 10-years from today. (Round to 2 decimals)

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