Mathematics, 01.08.2019 12:30 lIechonoxIl
You have just arranged for a $1,800,000 mortgage to finance the purchase of a large tract of land. the mortgage has an apr of 7.8 percent, and it calls for monthly payments over the next 30 years. however, the loan has an eight-year balloon payment, meaning that the loan must be paid off then. how big will the balloon payment be?
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You have just arranged for a $1,800,000 mortgage to finance the purchase of a large tract of land. t...
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