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Beatrice is considering a 3/27 balloon mortgage with an interest rate of 4.25% to purchase a house for $197,000. What will be her balloon payment at the end of 3 years

Beatrice is considering a 3/27 balloon mortgage with an interest rate of 4.25% to purchase a house for $197,000. What will be her balloon payment at the end of 3 years
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Beatrice is considering a 3/27 balloon mortgage with an interest rate of 4.25% to purchase a house for $197,000. What will be her balloon payment at the end of 3 years

User Max Ivak
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1 Answer

4 votes
The answer would be 186,598.50 (Hope this helps)
User TrungTN
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