question archive Assume mortgage rates increase to 7

Assume mortgage rates increase to 7

Subject:FinancePrice:2.87 Bought7

Assume mortgage rates increase to 7.5 percent and you borrow $329,000 for 30 years to purchase a house. What will your loan balance be at the end of the first 15 years of payments?

Select one:

a. $207,308.09

b. $238,854.07

c. $194,311.64

d. $192,938.72

e. $248,153.73

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