You going to purchase a new storage facility for $1,250,000. The loan is a 15-year fixed loan with a 3.875% APR. You are planning to put 20% down on this loan. Assume the payments are being made at the end of the period. You decide to refinance the loan at the end of the 5th year at a lower interest rate. What is the balance on the loan at the end of the 5th year? Group of answer choices $910,859.4442 $727,661.9957 $728,687.5557 $979,340.8639 You going to purchase a new storage facility for $1,250,000. The loan is a 15-year fixed loan with a 3.875% APR. You are planning to put 20% down on this loan. Assume the payments are being made at the end of the period. Assuming 15 years later you have paid off all principal and interest, what was the total cost of your mortgage over the 15 years? Group of answer choices $1,000,000 $1,650,238.920 $2,420,472.368 $1,320,191.136