Question: A borrower takes out a $ 2 0 0 , 0 0 0 mortgage at a 5 % anmal interest rate with a 3 0
A borrower takes out a $ mortgage at a anmal interest rate with a year terna. They want beir annual payments to grow at a constant rate of per yoar. What is the initial pugment required to fally pay the loan?
A $
B $
C $
D $
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