Question: Ann gets a fully amortizing 30 year fixed rate mortgage with monthly payments for $1,000,000. The annual interest rate is 3.50%, compounded monthly. What will

"Ann gets a fully amortizing 30 year fixed rate mortgage with monthly payments for $1,000,000. The annual interest rate is 3.50%, compounded monthly. What will be Ann s loan balance after her 120th payment (if Ann makes the required monthly payment for 10 years)?"

		"$128,265.18 "
		"$454,104.01 "
		"$461,146.37 "
		"$774,268.75 "

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