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QUESTION
Enos took out a 25-year loan for $135,000 at an APR of 6.0%, compounded monthly, and he is making monthly payments of $869.81. What will his balance be with 16 years left on the loan? A.$107,193.28 B.
Enos took out a 25-year loan for $135,000 at an APR of 6.0%, compounded monthly, and he is making monthly payments of $869.81. What will his balance be with 16 years left on the loan?
A.$107,193.28
B.$72,449.19
C.$131,763.43
D.$133,211.26
