Question: John House has taken a 2 0 - year, $ 2 5 0 , 0 0 0 mortgage on his house at an interest rate

John House has taken a 20-year, $250,000 mortgage on his house at an interest rate of 6 percent per year. What is the remaining balance (or value) of the mortgage after the payment of the fifth annual installment?
Group of answer choices
$128,958.41
$211,689.53
$248,719.21
$141,019.50

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