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Question 6 Julie bought a house with a 100,000 mortgage for 30 years being repaid with payments at the end of each month at an

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Question 6 Julie bought a house with a 100,000 mortgage for 30 years being repaid with payments at the end of each month at an interest rate of 8% compounded monthly. What is the outstanding balance at the end of 10 years immediately after the 120th payment? (a) 57,725 (b) 67,725 (c) 77,725 (d) 87,725 (e) 97,725

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