subject
History, 18.03.2021 18:50 littleprinces

The image and chart show the terms of a sample balloon payment mortgage. Sample Terms
Component
Cost
Loan amount: $200,000
Principal
$200,000
Regular payment term: 7 years
Monthly interest rate
.333%
Fixed rate interest: 4.0%
Monthly payment
$954
Total interest paid
$52,286
Total principal paid
$26,296
Remaining payment
$173,073
According to the terms of the sample balloon payment mortgage, what will most likely occur at the end of the
regular payment term?
O the remaining principal of $173,073 will be due immediately

ansver
Answers: 1

Other questions on the subject: History

image
History, 22.06.2019 02:30, DESI111609
Approximately how many americans, from both the north and the south, were killed in battle during the civil war?
Answers: 1
image
History, 22.06.2019 12:30, Renarock
Who led american forces in the battle of tippecanoe
Answers: 1
image
History, 22.06.2019 14:30, Drea1385
What did president lincoln risk if he chose to resupply fort sumter?
Answers: 1
image
History, 22.06.2019 16:00, hayleylaw2018
Which of the following was as a provision of the chinese exclusion act that affected chinese immigrants who were already in the united states ? a. the act forced chinese to return to china . b .) the act prohibited chinese immigrants from becoming american citizens. c.) the act prohibited chinese immigrants from entering the united states. d.) the act prohibited chinese immigrants from forming chinatowns
Answers: 1
You know the right answer?
The image and chart show the terms of a sample balloon payment mortgage. Sample Terms
Compone...

Questions in other subjects:

Konu
History, 29.10.2021 04:20