Question

# Outstanding loan balance after 10 years on a \$2,500,000 loan at 5% 20-year mortgage will be:...

Outstanding loan balance after 10 years on a \$2,500,000 loan at 5% 20-year mortgage will be:

A. \$1,555,538

B. \$2,942,855

C. \$1,528,801

D. \$1,591,236

E. None of the above

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