A buyer has agreed to purchase Mr. Black's property for $128,000., The buyer will utilize debt financing under the following terms: 75 percent loan-to-value ratio 8 percent annual interest 20-year amortization period with monthly payments 20 year loan term What is the outstanding balance on the loan at the end of year five? O $56,108 $39,602 O $80,207 O $40,702 $84,025