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You purchased a home on January 1, 2010 with a $200,000 mortgage requiring 20 equal annual payments at 5%, with the first payment due on

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You purchased a home on January 1, 2010 with a $200,000 mortgage requiring 20 equal annual payments at 5%, with the first payment due on January 1, 2011. The bank sold your mortgage to an investor on January 1, 2018, immediately after receiving your payment. The yield to the investor is 8%. Determine the how much the investor paid. $120,943 B. $126,844 $114,570 O A. $132,945 O E. $138,283

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