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Jill is considering a 7/23 balloon mortgage with an interest rate of 3.5% to purchase a house for $265,000. What will be her monthly payment for the first 7 years of the balloon mortgage? A. $1189.97 B.
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2 votes
Jill is considering a 7/23 balloon mortgage with an interest rate of 3.5% to

purchase a house for $265,000. What will be her monthly payment for the first
7 years of the balloon mortgage?

A. $1189.97
B. $1640.00
c. $1133.64
D. $1245.98

User Machfour
by
8.2k points

2 Answers

4 votes

Answer: A. $1189.97

Explanation:

User Vzsg
by
7.6k points
2 votes

Answer: A. $1189.97

Explanation:

User Dgwyer
by
7.9k points
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