c$)$ takes compounding into account

Question $3($Mandatory$)(1$ point$)$

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After $15$ years of payments on a $30-$year mortgage, the balance remaining is

a$)$ about one$-$third of the original balance

b$)$ about one$-$half of the original balance

c$)$ about two$-$thirds of the original balance

Question $4($Mandatory$)(1$ point$)$