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Question 12 On January 1, 20X1, Cassy borrowed $200,000.00 under a mortgage note payable contract. The annual interest rate on this mortgage is 6% compounded

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Question 12 On January 1, 20X1, Cassy borrowed $200,000.00 under a mortgage note payable contract. The annual interest rate on this mortgage is 6% compounded monthly. This is a 30-year, fully amortizing monthly mortgage. The monthly payments are 1.199.10 and are due at the end of each month, starting on January 31, 20X1. On February 28, 20X1, Cassy decided to pay an extra $5,000.00 on the mortgage, so the total payment on that date was 6,199.10. Cassy made the regular $1.199.10 payment on January 31, 20X1. What is the REMAINING BALANCE of the mortgage note payable as of February 28, 20X1 after the second monthly payment is made on that date? Note: The February 28, 20X1 payment is the second monthly payment. Also note that an extra $5,000 was paid on February 28, 20X1. 0 $199.800.90 O $194.800.90 $199,600.80 Hide Stop sharing || on.examity.com is sharing your screen. O $194,600.80

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