Question: Question 2 Consider a 3 0 - year fixed - rate mortgage ( with monthly amortization ) for $ 1 2 0 , 0 0

Question 2
Consider a 30-year fixed-rate mortgage (with monthly amortization) for $120,000 with consider a 30 year rate mortage with monthly amortization for &120,000 with an interest rate of 4%. What is the balance after 5 years?
$108,537
$103,175
$97,449
$120,373
$113,692
Question 2 Consider a 30-year fixed-rate mortgage (with monthly amortization) for

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