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Bentley and Lilly have been accepted for a 25/7 balloon mortgage at 4.48%. If Bentley and Lilly finance $387,300, how much will they pay in principal and interest over the life of the loan? (2 points)
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Nov 26, 2021
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Bentley and Lilly have been accepted for a 25/7 balloon mortgage at 4.48%. If Bentley and Lilly finance $387,300, how much will they pay in principal and interest over the life of the loan? (2 points) $404,651.04 $498,607.42 $499,795.17 $644,502.00
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Answer:
Answer is $498,607.42
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