Question: Melisandre borrows $5,300.00 which she will repay with level bi-weekly payments over 14 years. The interest rate is i(2)=8.250%. What is the outstanding balance on

Melisandre borrows $5,300.00 which she will repay with level bi-weekly payments

Melisandre borrows $5,300.00 which she will repay with level bi-weekly payments over 14 years. The interest rate is i(2)=8.250%. What is the outstanding balance on the loan just after 267 payments? a. $2,260.75. b. $1,955.24. c. $2,036.71. d. $2,097.81. e. $2,301.48. Certainty ? : C=1 (Unsure: 67%)C=3 (Quite sure: >80%)

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