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Citrus2011 [14]
3 years ago
9

Martin has a 7/23 balloon mortgage on his $195,000 home. He has been

Mathematics
1 answer:
Digiron [165]3 years ago
6 0

Answer: 251,203

Step-by-step explanation:

Martin pays 965 every month for seven years. Therefore,

965×12×7= 81,060

Then, he has a balloon payment of 170,143 to make. Therefore, totaal financed price he paid for his home is 81,060+170,143= 251,203.

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