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Xenia takes out a $450,000.00 mortgage with a term of 3 years and an amortization...

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Accounting

Xenia takes out a $450,000.00 mortgage with a term of 3 years and an amortization period of 20 years. The interest rate on the mortgage is 2.000% compounded monthly and she will make monthly payments. How much does she still owe when the term is over? show your work

a.

$342,269.66.

b.

$365,874.47.

c.

$346,203.80.

d.

$393,413.41.

e.

$354,072.06.

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