Say That You Purchase a House for $150,000 by Getting

Multiple Choice

Say that you purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. If you get a 15-year mortgage with a 6 percent interest rate, what would the loan balance be in seven years?

A) $74,778.16
B) $79,091.72
C) $84,223.16
D) $86,687.84