Answer is 42/100 is the answer
Is any of the options that you put there.The correct answer would be $178.12
Answer:
The answer to the question is
Her monthly payments will be $279.98
Step-by-step explanation:
To solve the question we apply the equation for monthly payments as follows
Fixed monthly mortgage repayment formula is

Where
A = Payment amount per month
r = interest rate = 4.25 %
n = number of months = 20×12 months or 240 months
P = Mortgage value = $155,000
Therefore A =
= $279.98
For balloon mortgage the loan balance is paid off or refinanced at the end of the loan term
Whats the rest of the question