Mathematics, 23.07.2019 00:00 jtphillips02
Marcie has a 30 year adjustable rate mortgage with a fixed rate for the first 5 years. in the 6th year, the interest rate rises to 4.9%. the remaining balance at the end of the 5th year is $317,783.30. what is the monthly payment in the 6th year? a. $1686.56 b. $1059.26 c. $1878.56 d. $1839.26 a mortgage has the terms shown below balloon mortgage $400,000 20/6 balloon 8% annual rate initial monthly payment: $3345.76 what is the amount of the balloon payment rounded to the nearest dollar? a. $377,803 b. $339,756 c. $337,506 d. $159,105 a bank is advertising the following mortgage balloon mortgage $245,000 20/4 balloon 5.8% annual rate monthly payment: $1727.11 balloon payment: $216,789.79 what is the total cost of this balloon mortgage? a. $414,506.
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Marcie has a 30 year adjustable rate mortgage with a fixed rate for the first 5 years. in the 6th ye...
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