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Juliet has a 10-year mortgage of $500,00 with an effective annual rate of 3.55% or 0.291% monthly. Mortgage payments are made at the end of

Juliet has a 10-year mortgage of $500,00 with an effective annual rate of 3.55% or 0.291% monthly. Mortgage payments are made at the end of each month. What is the balance remaining on this mortgage after the 60th payment?

a) $216,077

b) $250,000

c) $270,937

d) $271,738

e) $275,065

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