Multiple Choice
Given the following information,calculate the balloon payment for a partially amortized mortgage.Loan amount: $84,000,Term to maturity: 7 years,Amortization Term: 30 years,Interest rate: 4.5%,Monthly Payment: $425.62.
A) $9,458
B) $30,620
C) $73,103
D) $84,000
Correct Answer:
Verified
Correct Answer:
Verified
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