This question had the following choices:
<span>A) $223,884.91
B) $226,753.98
C) $229,679.66
D) $234,068.73</span>
I used the Online Balloon Payment Loan Calculator and got this amount $226,753.92. This is nearest to Choice B.
For manual computation, use this formula in the 2nd attachment.
<span>A) $223,884.91
B) $226,753.98
C) $229,679.66
D) $234,068.73</span>
I used the Online Balloon Payment Loan Calculator and got this amount $226,753.92. This is nearest to Choice B.
For manual computation, use this formula in the 2nd attachment.