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Monica is considering a 7/23 balloon mortgage with an interest rate of 4.5% to purchase a house for $204,000. What will be her balloon payment at the end of 7 years? A.$170,245.98 B.$177,533.62 C$170,118.
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Monica is considering a 7/23 balloon mortgage with an interest rate of 4.5% to purchase a house for $204,000. What will be her balloon payment at the end of 7 years?

A.$170,245.98
B.$177,533.62
C$170,118.49
D$225,368.29

User Mikhail Stepanov
by
8.8k points

2 Answers

0 votes

Answer:

$177,533.62

Explanation:

User Suic
by
8.1k points
10 votes

Answer:

$177,533.62

Explanation:

AP3X

User Neurotik
by
9.1k points
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