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Stu Reese has a $150,000 7.5% mortgage. His monthly payment is $1,010.10. His first payment will reduce the principal to an outstanding balance of: Group

Stu Reese has a $150,000 7.5% mortgage. His monthly payment is $1,010.10. His first payment will reduce the principal to an outstanding balance of:

Group of answer choices

$149,729.40

$149,927.40

$72.60

$149,910.40

None of these

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