Marsha Terban bought a home for $119,000 with a down payment of $19,000. Her rate of interest is 12 1/2% for 35 years. The balance of the mortgage at the end of the first month is:
A) $3.33
B) $98,944
C) $99,669.76
D) $99,986.42
E) None of these

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The Answer of Marsha Terban bought a home for $119,000 with a down payment of $19,000. Her rate of interest is 12 1/2% for 35 years. The balance of the mortgage at the end of the first month is:
A) $3.33
B) $98,944
C) $99,669.76
D) $99,986.42
E) None of these

Marsha Terban Bought a Home for $119,000 with a Down