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Ch. 7 - LO 4 1/1 Completed 4 Judith has recently taken out a mortage for $175,000 at a rate of 3.2%, compounded semi-

Ch. 7 - LO 4 1/1 Completed 4 Judith has recently taken out a mortage for $175,000 at a rate of 3.2%, compounded semi- annually, with an amortization period of 22 years. What will be her balance after 40 months? Her payments are monthly. Points: 1. $155,670 B $163,850 C $138,120 D $201,682

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