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The Taylors agreed to make monthly payments on a mortgage of $ 1 2 7 , 0 0 0 amortized over 1 5 years. Interest

The Taylors agreed to make monthly payments on a mortgage of $127,000 amortized over 15 years. Interest for the first 3 years was 7.5 percent compounded semi-annually. Determine the mortgage balance at the end of the 3-year term.
A. $111,680.73
OB. $111,440.09
OC. $188,860.05
OD. $188,018.17

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