Question $6(1$ point$)$

Five years ago you borrowed $$70,000$ to finance the purchase of a bouse. The annual interest rate on the mortgage is $6\%.$ Payment terms are being made monthly to amortize the loan over $15$ years, and the first payment is made at the end of the first month.

$(2)$What is the current loan balance on the loan $($five years affer origination$)?$

$$70,000\mathrm{.}00$

$$84,899,60$

$$167,371\mathrm{.}45$

$$53,206\mathrm{.}37$