Business, 22.06.2021 18:30 brinleychristofferse

you need a 20-year, fixed-rate mortgage to buy a new home for $210,000. Your mortgage bank will lend you the money at a 7.1 percent APR for this 240 month loan. However, you can afford monthly payments of $1,000, so you offer to pay off any remaining balance at the end of the loan in the form of a single balloon payment. HOw large will this balloon payment have ot be for you to keep your monthly payments at $1000

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you need a 20-year, fixed-rate mortgage to buy a new home for $210,000. Your mortgage bank will lend...

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