You need a 30-year, fixed-rate mortgage to buy a new home for $225,000. your bank will lend you the money at an apr of 5.5 perce
nt with monthly compounding. you can only afford monthly payments of $1,000 for principal and interest, so you offer to pay off any remaining loan balance at the end of the loan term in the form of a single balloon payment. what will be the amount of the balloon payment?
So, there are 60 students for B. So, what I did was add all the students to get 150. Then I divided 60 by 150 (60/150) to get 0.4. 0.4 * 100 is 40 which is the percent. Hope this helps.