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Five years ago you borrowed $250,000 for a ten-year period at a fixed interest rate of 9% p.a. with interest compounded on an annual basis.

Five years ago you borrowed $250,000 for a ten-year period at a fixed interest rate of 9% p.a. with interest compounded on an annual basis. You have been making regular annual payments on your loan and you now wish to repay the amount outstanding on this loan in full. The total amount you need to repay today is closest to:

$151,521.

$168,850.

$194,775.

$217,051.

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