Elizabeth obtains a $1,750,000 balloon mortgage for an investment property. the mortgage has terms of 25/6 at an
interest rate of 2.5%. the monthly payment is $7,850.79. how much is the remaining balance after 6 years rounded to the
nearest dollar?

answer:

the answer is something i dont know lol hahahahahahaha

step-by-step explanation:

nothing du

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

125 yards

step-by-step explanation:

i take 75 plus 50.