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You borrow $ 457,010.23 to buy a house. The mortgage rate is 13.54% APR and the loan period is 7 years. Payments are made monthly.

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You borrow $ 457,010.23 to buy a house. The mortgage rate is 13.54% APR and the loan period is 7 years. Payments are made monthly. What is the balance on the loan in month 30 ? Assume no prepayments and that you otherwise pay for the house according to the loan agreement. O $34,025.06 O $355,741.75 O $112,386.42 O $337,803.69 O $340,250.56

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