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49 MCAP offers a fixed-rate mortgage with a one-year term at 3.75%. The mortgage has a twenty-five year amortization period. You want to borrow $250,000

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49 MCAP offers a fixed-rate mortgage with a one-year term at 3.75%. The mortgage has a twenty-five year amortization period. You want to borrow $250,000 to purchase a house. You choose monthly payments, which are $1,281.39. At the end of the one-year term you must renegotiate the mortgage. How much principal remains outstanding after the twelfth payment? $241,814.70 $242,283.51 $242,818.42 *$243,821.24 $243,970.02 OA

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