A mortgage has the terms shown below:
Balloon mortgage
$300,000
25/5 balloon
6% a...
Mathematics, 12.04.2021 01:00 sammy16940
A mortgage has the terms shown below:
Balloon mortgage
$300,000
25/5 balloon
6% annual rate
Initial Monthly Payment: $1932.90
What is the amount of the balloon payment rounded to the nearest dollar?
Answers: 3
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