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HOW WOULD I SOLVE THIS? WITH WHAT FORMULA AND WHAT IS THE ANSWER

Cody and Carolyn have a 20/7 balloon mortgage for $216,600 with a rate of 4.55%. How much will they pay in interest over the life of the loan?

$61,443.88
$53,245.34
$53,984.18
$60,830.27

1 Answer

2 votes
61,443.88 is your answer
User Vinod Sobale
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