7. An investor obtains a balloon mortgage with the terms shown below.
Balloon Mortgage
$...
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Mathematics, 13.02.2020 05:15 lily24113
7. An investor obtains a balloon mortgage with the terms shown below.
Balloon Mortgage
$590,000
15/4 balloon
4.2% annual rate
What is the monthly payment on this mortgage?
$113,374.51
$12,807.92
$4,423.53
$3,179.76
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