same question

Harold and Maude bought a $375,000 home; they had a down payment of $40,000 and financed the balance with a mortgage The mortgage has a 5 year term with interest fixed at 3% and is amortized over 25 years. (Ignore CMHC Fees) The monthly payment on the mortgage is O $1,588 61 O $10,051.42 O $1,585.37 $1,439 30 In five years time, what will be the balance owing on the mortgage? O $286,339.93 $286 443.34 $239,877 80 $334,769.12 How much has been paid in interest to date? O $46,759.82 O $602,854.08 O $46,462.27 O $350,000 Capacity in consumer lending is evaluated by O Debt ratios O Ability to earn income O Stability of employment O All of the above