Question: Question 40 (1 point) A fully amortizing mortgage loan is made for $100,000 for 15 years. The interest rate is 6 percent per year compounding

Question 40 (1 point) A fully amortizing mortgage loan is made for $100,000 for 15 years. The interest rate is 6 percent per year compounding monthly. Payments are to be made monthly. What is the loan outstanding after one monthly payment? (Round to a dollar) 599,656 $89,692 $89,691 $79,725 $89,380

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