a) Ten years ago you borrowed $281000. The term of the loan was 20 years and required monthly payments of $3094.05. The interest rate on the loan was 12 percent compounded monthly. You have just made the 120th payment. What is the principal outstanding? O $215656.90 $140500.00 O $199119.34 O $179714.38 b) A lakefront cottage is going at $100,000, with a $25,000 down payment, and the remainder mortgaged at 12 % APR, to be amortized over 30 years. What is the monthly mortgage payment? $771.46 $792.90 $931.77 $1,906.11