Question: 2) Given the following information on a 30-year fixed-payment fully-amortizing loan, determine the remaining balance that the borrower has at the end of seven

2) Given the following information on a 30-year fixed-payment fully-amortizing loan, determine

2) Given the following information on a 30-year fixed-payment fully-amortizing loan, determine the remaining balance that the borrower has at the end of seven years. Interest Rate: 7% Monthly Payment: $1,200 A) $17,143 B) $79,509 C) $164,402 D) $180.369

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