Seven years ago,Carlos took out a mortgage for $185,000 at 5.6 percent,compounded monthly,for 30 years.He has made all of the monthly payments as agreed.What is his current loan balance?
A) $ 157,308.74
B) $141,833.33
C) $164,621.06
D) $148,211.09
E) $142,779.47
Correct Answer:
Verified
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