Question: The Taylors agreed to make monthly payments on a mortgage of $142,000 amortized over 15 years. Interest for the first 3 years was 6.5 percent

The Taylors agreed to make monthly payments on a mortgage of

The Taylors agreed to make monthly payments on a mortgage of $142,000 amortized over 15 years. Interest for the first 3 years was 6.5 percent compounded semi-annually. Determine the mortgage balance at the end of the 3 -year term. A. $132,514.56 B. $123,754.24 C. $123,346.06 D. $132,114.08

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