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What would be the remaining balance on matt mortgage

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Reference no: EM133031520

Question - Matt is getting a $425,000 mortgage at three percent interest compounded semi-annually amortized over 25 years with a monthly payment. What would be the remaining balance on Matt's mortgage at the end of his three-year term rounded to the nearest dollar?

a. $389,068

b. $389,151

c. $352,594

d. $388,970

Reference no: EM133031520

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