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Stuart is considering a 3/27 balloon mortgage with an interest rate of 4.4% to purchase a house for $268,000. What will be his balloon payment at the end of 3 years?
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1 vote
Stuart is considering a 3/27 balloon mortgage with an interest rate of 4.4% to

purchase a house for $268,000. What will be his balloon payment at the end
of 3 years?

Stuart is considering a 3/27 balloon mortgage with an interest rate of 4.4% to purchase-example-1
User Akshay Rathore
by
4.6k points

2 Answers

4 votes

I am not sure, but I hink it is C!

User Krysia
by
4.4k points
0 votes

Answer: It’s A. 254,196.86

Explanation:

User Thomite
by
4.3k points
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