Julianne and Benjamin are financing $113,500 to purchase a house. They obtained a 15/5 balloon mortgage at 4.95%. What will thei
r balloon payment be?
1 answer:
Answer:Balloon payment:$84,646.62
Step-by-step explaination:
Monthly payment
Monthly principal and interest payment (PI). The monthly payment is calculated using a term up to 15 years.
Total interest paid:$22,374.55
Total regular payments:$51,227.93
Balloon payment:$84,646.62
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We can re-write it as:
4 * 5/2
= 20/2
= 10
In short, Your Answer would be: 10
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Step-by-step explanation:
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a
Step-by-step explanation:
If he got the jeans for 40% off he paid 60% of the cost for the jeans. With that you can setup an equation.
20 is 60% of what number
is signifies equals and of signifies multiplication
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Step-by-step explanation:
