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2) A borrower obtains a mortgage from Chase. Loan amount $80,000, 30 years, interest rate 5%. However, they agree that the borrower will pay $594.28

A borrower obtains a mortgage from Chase. Loan amount $80,000, 30 years, interest rate 5%. However, they agree that the borrower will pay $594.28 every month. what will be the loan balance at maturity?

Select one:

a. $852,014.21

b. $137,175.12

c. $0

d. $80,000.00

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