You are buying a $62,000 house for 10% down, with the rest financed at 11.75% for 30 years with fixed monthly payments. You must pay 2 points for the loan. Use the information from the previous problem. At the end of 4 years, you sell the house. How much do you owe on the loan?

You are buying a $62,000 house for 10% down, with the rest financed at 11.75% for 30 years with fixed monthly payments. You must pay 2 points for the loan. Use the information from the previous problem. At the end of 4 years, you sell the house. How much do you owe on the loan? Select one: a. $54,180 b. $53,641 c. $55,868 d. $54,772