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13-02-2020
Mathematics

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7. An investor obtains a balloon mortgage with the terms shown below.
Balloon Mortgage
$590,000
15/4 balloon
4.2% annual rate
What is the monthly payment on this mortgage?
$113,374.51
$12,807.92
$4,423.53
$3,179.76

Respuesta :

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13-02-2020

Answer

monthly payment is 4423.53

Step-by-step explanation:

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