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You choose a 3/1 hybrid loan of $150,000 with 30 year amortization and an initial rate of 4.25%. What is the balance of the loan

You choose a 3/1 hybrid loan of $150,000 with 30 year amortization and an initial rate of 4.25%. What is the balance of the loan after three years?

  • A. $143,985

  • B. $142,080

  • C. $143,400

  • D. $141,736

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