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% interest rate, what would the loan balance be in 7 years?
A) $74,778.16
B) $79,091.72
C) $84,223.16
D) $86,687.84
Correct Answer:
Verified
Correct Answer:
Verified
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