Mathematics: You have just arranged for a $1,640,000 mortgage to finance the purchase of a large tract of land. the mortgage has an apr of 6.4 percent, and it calls for monthly payments over the next 30 years. however, the loan has an eight-year balloon payment, meaning that the loan must be paid off then. how big will the balloon payment be?

You have just arranged for a $1,640,000 mortgage - id16400002510439, autumnhuls5720

lisabrewer18

03.01.2022

You would take 6.4% into 1640000 and you would pay that the next 30 years

0,0(0 оценок)

willoughbysierra

16.12.2022

7/24

Step-by-step explanation:

make the denominators equal

12 x 2 = 24

8 x 3 = 24

multiply 2 and 11

multiply 5 and 3

22/24 - 15/24 = 7/24

0,0(0 оценок)