130,0 rogression of 70 26 Erwin and Eleni have an outstanding mortgage balance of $175,000. They have 14 months remaining on thelt mortgage at a fixed-rate of 4.5% compounded semi-annually on their five-year (60 month) mortgage term. The current five-year fixed rate of interest for a mortgage is 3.1%, compounded semi-annually. They would like to "blend and extend their existing mortgage for another five year term. What rate would they be charged under a blend-and-extend option? tions 4 56% B 3.43% C 3.98% D 3.80% E 4.01% sinn sharing can result in tax savings. Both are 65 years old and have been nnn nincena 18 Mary is a