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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asked Oct 19, 2022 137k views

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?

Mathematics
high-school

Lon asked

by Lon

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1 Answer

3 votes

It is 2957272949283 rounded to the neared tenth of the number you out into the question

Guibin answered Oct 23, 2022

by Guibin

7.9k points

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