What mortgage liability as of thirty first december, Financial Accounting

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What mortgage liability as of thirty first december

Problem

The couple live in a home that they had built in 1964. Original mortgage amount 160,000. Interest rate at 5%. 20 years mortgage with 188 188 payments completed, 52 payments remaining as of 31 December 2022. Monthly mortgage payment is 1,055.93. What mortgage liability as of 31 December 2022?

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Financial Accounting: What mortgage liability as of thirty first december

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Financial Accounting: What mortgage liability as of thirty first december

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