Debby has a 30-year mortgage loan for $200,000 with an interest rate of 6% and monthly payments. If she wants to pay off the loan after 8 years, what would be the outstanding balance on the loan? (A) $91,246 (B) $146,667 (C) $175,545 (D) $183,823

11. Base on the initial information in Question 10 above, if Debby re-negotiates with the bank and shorten the term from 30 to 25 years, what would be her monthly payment? (A) $1,288.6 (B) $1,403.3 (C) $1,491.4 (D) $1,653.2