8. A mortgage has the terms shown below.
Balloon Mortgage
$300,000
25/5 balloon
6...
Mathematics, 18.05.2021 18:50 robclark128
8. A mortgage has the terms shown below.
Balloon Mortgage
$300,000
25/5 balloon
6% annual rate
Initial Monthly Payment: $1,932.90
What is the amount of the balloon payment rounded to the nearest dollar? (4 points)
$184,026
$269,796
$271,145
$280,559
Answers: 1
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