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Hunter-Best [27]
2 years ago
15

You have just arranged for a $1,800,000 mortgage to finance the purchase of a large tract of land. the mortgage has an apr of 7.

8 percent, and it calls for monthly payments over the next 30 years. however, the loan has an eight-year balloon payment, meaning that the loan must be paid off then. how big will the balloon payment be?
Mathematics
1 answer:
Marysya12 [62]2 years ago
6 0
Hey what is Apr? So I can help you with this; )
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(Can you help me on another question)

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