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You just got approved for a $100,000, 30-year loan at 9.875%, which requires monthly constant payment. If you decide to consistently make $800 payment each

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You just got approved for a $100,000, 30-year loan at 9.875%, which requires monthly constant payment. If you decide to consistently make $800 payment each month, which of the following correctly describes the loan balance at the end of the 30- year term? O none of the above is correct. O The balance will be more than zero but less than 100,000. The balance will be zero, as it is fully aikortized. The balance will be more than 100,000

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