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A mortgage has the terms shown below: Balloon mortgage $300,000 25/5 balloon 6% annual rate Initial Monthly Payment: $1932.90 What is the amount of the balloon payment rounded to the nearest dollar?
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4 votes
A mortgage has the terms shown below:

Balloon mortgage
$300,000
25/5 balloon
6% annual rate
Initial Monthly Payment: $1932.90
What is the amount of the balloon payment rounded to the nearest dollar?

User Lon
by
4.5k points

1 Answer

3 votes
It is 2957272949283 rounded to the neared tenth of the number you out into the question
User Guibin
by
4.4k points
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