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?
$184,026
$269,796
$271,145
$280,559

First locate the turning point (vertex) of the graph. which is at the coordinates x=5 and y=9 or (5; 9).to determine whether it's a maximum or mininum value, you have to discern whether the vertex's y-value is the highest value or lowest value the graph can reach. since the vertex's y-value, 9 is the highest value the graph can reach, it will be a maximum.another basic way to determine whether the vertex's value is max or min is to see if the graph is smiling or sad. if it's smiling, the turning point/vertex would be a minimum, while a sad parabola would have a maximum y-value at the vertex.