The Taylors agreed to make monthly payments on a mortgage of $335 000 amortized over...
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The Taylors agreed to make monthly payments on a mortgage of $335 000 amortized over 15 years. Interest for the first three years was 40% compounded semi-annually. Determine the mortgage balance at the end of the three-year term. (Rounded to the nearest dollar) A. $282,909.28 B. $284,603.06 C. $291,087.29 D. $281,177.09
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