QueenNerdy889
18.10.2019 •
Business
You need a 30-year, fixed-rate mortgage to buy a new home for $305,000. your mortgage bank will lend you the money at a 6.00 percent apr for this 360-month loan. however, you can afford monthly payments of only $1,450, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment.
how large will this balloon payment have to be for you to keep your monthly payments at $1,450?
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Ответ:
1. there should be only one number after the decimal point for example 1.23
2. you should never round that number