Question: The Taylors agreed to make monthly payments on a mortgage of $335 000 amortized over 15 years. Interest for the first three years was 3.5%

The Taylors agreed to make monthly payments on a mortgage of $335 000 amortized over 15 years. Interest for the first three years was 3.5% compounded semi-annually. Determine the mortgage balance at the end of the three-year term. (Rounded to the nearest dollar)

A. $281,177.09

B. $284,603.06

C. $291,087.29

D. $282,909.28

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