Question 4 / 5 You have just qualified for a mortgage loan of $50,000 with a 10 year amortization period and an ENR of 8.8%. You make monthly payments of $627.98. What will the outstanding balance on the mortgage be after 6 months using the present value of the payments that remain to be made? 71589.72 INCORRECT! Please check your calculations and try again. Hint: The number of payments that remain to be made is equal to the total number of monthly payments over the amortization period less the 6 months. Submit Answer Clear Incorrect Answers