THE FOLLOWING DATA APPLY TO THE NEXT FOUR PROBLEMS The Peter family is interested in buying a home . The family is applying for a $ 200,000 30 - year mortgage . Under the terms of the mortgage , they will receive $ 200,000 today to help purchase their home . The loan will be fully amortized over the next 30 years . Current mortgage rates are 7.5 percent . Interest is compounded monthly and all payments are due at the end of the month . What will be the remaining balanace on the mortgage after 5 years

a. $166,752

b. $189,235

c.$73,141

d.$195,750