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What is the loan balance after 10 years on a conventional fixed-rate 7% mortgage with the original maturity of 15 years and initial balance of

What is the loan balance after 10 years on a conventional fixed-rate 7% mortgage with the original maturity of 15 years and initial balance of $200,000? Assume only required monthly payments have been made.

  • A. $92,721
  • B. $193,522
  • C. $85,492
  • D. $90,785
  • E. $83,581

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