Question: Hi, need help for this question, thanks for your time(will give review)! The monthly mortgage payment on your house is $859.0. It is a 30

Hi, need help for this question, thanks for your time(will give review)!

The monthly mortgage payment on your house is $859.0. It is a 30 year mortgage at a quoted rate of 5%. How much did you borrow? Note: All Canadian Mortgages are quoted as APR compounded semi-annually Select one: a. $160954.66 b. $160015.91 O c. $916463.84 d. Incorrect question. Mortgages are always quoted in APR compounded monthly e. $24192.83

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