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Denisha took a $479900, 23-year bank loan at j12=4.13% p.a. to purchase an investment property. She agreed to make payments at the end of each

Denisha took a $479900, 23-year bank loan at j12=4.13% p.a. to purchase an investment property. She agreed to make payments at the end of each month. Assuming that she makes the payments consistently, how much will she owe at the end of 18 years?

a. $146437.49

b. $161771.35

c. $145935.23

d. $582376.87

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