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The Taylors agreed to make monthly payments on a mortgage of $142,000 amortized over 15 years. Interest for the first 3 years was 8.5 percent
The Taylors agreed to make monthly payments on a mortgage of $142,000 amortized over 15 years. Interest for the first 3 years was 8.5 percent compounded semi-annually. Determine the mortgage balance at the end of the 3-year term. w A. $152.731.04 O B. $152.139.87 C. $125.793.92 OD. $125 441.22
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