Register
Tom has obtained a 5/25 balloon mortgage. After the initial period, he decided to refinance the balloon payment with a new 30-year mortgage. How many years will he be paying for his mortgage in total?
214k views
3 votes
Tom has obtained a 5/25 balloon mortgage. After the initial period, he

decided to refinance the balloon payment with a new 30-year mortgage. How


many years will he be paying for his mortgage in total?

User Seo
by
6.8k points

1 Answer

3 votes

Answer:

The answer is 35 years.

Explanation:

30+5=35

User Sam Stephenson
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.5m questions

10.1m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Link Copied!