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The Taylors agreed to make monthly payments on a mortgage of $130 , 000 amortized over 15
yoars. Inlorest for thio firtit 3 yoars was 7.5 percont compounded somi-annually. Determige the
mortgage balanoe at the ond of the 3 -year term. A. $141 , 121 , 64 B. $141.948.91 C. $114 ,
600.42 D. $114 , 072.53

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