Answer:
$114,000
Step-by-step explanation:
Use formula
where
I = interst
P = principal
r = rate
t = time
First, find the interst for 25 years:
I = unknown
P = $190,000
r = 0.03 (3% as decimal)
t = 25
Now find the interest for 5 years:
I = unknown
P = $190,000
r = 0.03 (3% as decimal)
t = 5
The unpaid balance is