Social Studies, 06.02.2021 02:30 RKennedy3448
The image and chart show the terms of a sample balloon payment mortgage. A loan is 200,000 dollars, has a regular payment term of 7 years, and has a fixed rate interest of 4 percent. The monthly interest rate is 0.333 percent, monthly payment is 954 dollars, the total interest paid is 52,286 dollars, total principal paid is 26,296 dollars, and the remaining payment is 173,073 dollars. According to the terms of the sample balloon payment mortgage, what will most likely occur at the end of the regular payment term?
A the remaining principal of $173,073 will be due immediately
B the interest rate will change to decrease the monthly payment
C the loan’s terms have all been met and it is paid in full
D the monthly payments will increase due to an increase in principal
Answers: 1
Social Studies, 22.06.2019 18:30
The romans believed every human being deserved rights, even slaves. true or false
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Social Studies, 23.06.2019 09:00
Research the topic, classifications of business, then write four to six paragraphs explaining which classifications of business you utilize in your day-to-day life. incorporate at least four types and illustrate how they translate into your daily life. use complete sentences and proper paragraph form. (follow apa style.)
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Social Studies, 23.06.2019 15:30
Answer quickly! first to answer will get brainliest and 5 star ! the brunswick shipyards had the biggest economic impact in which area during world war ii? a) 1 b) 2 c) 3 d) 4
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The image and chart show the terms of a sample balloon payment mortgage. A loan is 200,000 dollars,...
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