Question: Question 3 4 pts A borrower bought a house for $200,000; he can obtain an 80% loan with a 30-year fully amortizing, 7% interest rate

Question 3 4 pts A borrower bought a house for $200,000; he can obtain an 80% loan with a 30-year fully amortizing, 7% interest rate and monthly payment. Alternatively, he could get a 90% loan at 8.5% with same term. What is the difference in loan balances atter 10 years? $22184.77 $21319.91 523467.53 $24519.11

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