Carmen is considering a 3/27 balloon mortgage with an interest rate of 3.7% to purchase a house for 185, 000. What will be her balloon payment at the end of 3 years

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asked Nov 26, 2021 147k views

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Carmen is considering a 3/27 balloon mortgage with an interest rate of 3.7% to purchase a house for 185, 000. What will be her balloon payment at the end of 3 years

Mathematics
middle-school

Vlazzle asked

by Vlazzle

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2 Answers

3 votes

Answer:

3.7÷100×185000=6845×3=20535

Pinkey answered Nov 28, 2021

by Pinkey

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3 votes

Answer:

$174,314.53

Explanation:

Ap3x

Shmil The Cat answered Dec 2, 2021

by Shmil The Cat

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