Question: Moving to another question will save this response. Question 8 of 25 1 points Save Answer Frederick purchased his house 16 years ago by taking

Moving to another question will save this response. Question 8 of 25 1 points Save Answer Frederick purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. The mortgage has a fixed interest rate of 5 percent compounded monthly. Frederick made his most recent mortgage payment earlier today. The amount that he now owes if he wants to pay off his mortgage is closest to: $76,136.52 a. $80,425.21 . $70,856.65

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