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A Thirty Year $200,000

Question 40

Multiple Choice

A thirty year $200,000.00 mortgage has a monthly payment of $1,199.10 based on a rate of 6% APR. After making 180 payments over fifteen years, how much of the mortgage do you still owe?


A) $100,000.00
B) $57,901.85
C) $142,098.15
D) $112,567.83

Correct Answer:

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