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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?
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A. $143,985
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B. $142,080
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C. $143,400
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D. $141,736
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