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Assume 30-year maturity that interest is 5.00% for the market rate of interest and a mortgage balance of $470,000.00. What will the balance of the

Assume 30-year maturity that interest is 5.00% for the market rate of interest and a mortgage balance of $470,000.00. What will the balance of the mortgage be after 15.00 years?

a. $2,099,839.83

b. $2,523.06

c. $319,054.37

d. $4,978,575.28

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