You need a 25-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at a 8.6 percent APR for this 300-month loan. However, you can afford monthly payments of only $800, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. Required: How large will this balloon payment have to be for you to keep your monthly payments at $800?
Answers: 2
Business, 22.06.2019 13:30, starlodgb1971
Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?
Answers: 3
Business, 22.06.2019 16:40, jojo171717
Based on what you learned about time management which of these statements are true
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You need a 25-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend...
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