Multiple Choice
Suppose you take an FRM of $150,000 at 7.5% for 30 years.If you repay this mortgage at the end of year five,what is the outstanding balance?
A) $52,342
B) $87,071
C) $141,574
D) $141,926
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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