QUESTION $11$

Assume $15-$year maturity that interest is $8\mathrm{.}00\%$ for the market rate of interest and a mortgage balance of $$300,000\mathrm{.}00.$ What will the balance of the mortgage be after $5\mathrm{.}00$ years?

a$.$ $$2,866\mathrm{.}96$

b$.$ $$236,298\mathrm{.}78$

c$.$ $$3,258,495\mathrm{.}89$

d$.$ $$992,076\mathrm{.}44$