A borrower takes out a 15-year mortgage loan for $250,000 with an interest rate of 8%. The loan is set up as a negative amortization loan and the borrower makes no payments for the first five years on the loan. What would be the outstanding balance of the loan at the end of Year 57 O $350,000.00 $372,461.43 $502,839.30 $246,796.34

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A: Hope it helps :)