A mortgage has the terms shown below.
Balloon Mortgage
$400,000
20/6 balloon
8% a...
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Mathematics, 08.04.2021 22:40 182075
A mortgage has the terms shown below.
Balloon Mortgage
$400,000
20/6 balloon
8% annual rate
Initial Monthly Payment: $3,345.76
What is the amount of the balloon payment rounded to the nearest dollar?
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Answers: 2
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