money is 9%, would you prefer the 3 installment option? A. Yes; present value of the installment option is $16,000.00 B. Yes; present value of the installment option is $15,333.57 C. No; present value of the installment option is $15,036.44 D. No; present value of the installment option is $15,333.57 How many monthly payments remain to be paid on an 12% interest rate mortgage with monthly payments of $733.76, when the balance outstanding on the mortgage reaches $50,000 ? A. Approximately 55 payments B. Approximately 68 payments C. Approximately 79 payments D. Approximately 115 payments