Given the following information on a 30-year fixed-payment fully amortizing loan, determine the remaining balance that the borrower has at the end of seven years: interest rate: 7%; monthly payment:_________
A) $1,200.
B) $180,369
C) $17,143
D) $164,402 $79,509

Answer: your question is not complete, its lacking the monthly payments. However, i guess your first option (option A) should be monthly payment since you write 2 options at D.

By using $1,200 as the monthly payment, the answer to the question is $164,402 which is your D

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Given the following information on a 30-year fixed-payment fully amortizing loan, determine the remaining balance that the borrower has at the end of seven years: interest rate: 7%; monthly payment:_________ A) $1,200. B) $180,369 C) $17,143 D) $164,402 $79,509

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Given the following information on a 30-year fixed-payment fully amortizing loan, determine the remaining balance that the borrower has at the end of seven years: interest rate: 7%; monthly payment:_________
A) $1,200.
B) $180,369
C) $17,143
D) $164,402 $79,509