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Qiana Duhonhas a 30-year mortgage of $463,000.00 after making a down payment. They are told by the bank they will have a monthly payment of

Qiana Duhonhas a 30-year mortgage of $463,000.00 after making a down payment. They are told by the bank they will have a monthly payment of $2,485.48 given their interest rate of 5.00% per year. What will be the remaining balance of the mortgage after 21 years? (Assume monthly payments and a full year).

a. $215,804.91

b. $2,424,613.82

c. $185,496.23

d. $1,201,121.05

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