9. A bank is advertising the following mortgage:
Balloon Mortgage
$115,000
30/5 ba...
Mathematics, 13.02.2020 05:13 make36harrisoxpt8b
9. A bank is advertising the following mortgage:
Balloon Mortgage
$115,000
30/5 balloon
6.5% annual rate
Monthly Payment: $726.88
Balloon Payment: $108,235.70
What is the total cost of this balloon mortgage?
O$108,962.58
$ 151,848.50
$169,293.62
$261,676.80
Answers: 3
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