Multiple Choice
Your 30-year $95,000 mortgage calls for payments to be made at the end of each month. The loan has a 5.85 percent annual interest rate. What is the remaining balance after five years?
A) $68,194.73
B) $76,903.26
C) $81,072.85
D) $88,236.17
Correct Answer:
Verified
Correct Answer:
Verified
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