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A borrower has a 30-year mortgage loan for $200,000 with an interest rate of 6% and monthly payments. if she wants to pay off the
A borrower has a 30-year mortgage loan for $200,000 with an interest rate of 6% and monthly payments. if she wants to pay off the loan after 8 years, what would be the outstanding balance on the loan?
A.) $91,264 B.) $175,545 C.) $146,667 D.) $84,886
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