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Jalen is considering a 7/23 balloon mortgage with an interest rate of 3.5% to purchase a house for $265,000. what will be her balloon payment at the end of 7 years? APEX​

Jalen is considering a 7/23 balloon mortgage with an interest rate of 3.5% to purchase a house for $265,000. what will be her balloon payment at the end of 7 years? APEX​
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Jalen is considering a 7/23 balloon mortgage with an interest rate of 3.5% to purchase a house for $265,000. what will be her balloon payment at the end of 7 years? APEX​

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User Pax
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8.5k points

1 Answer

4 votes

Answer: $225,368.29

Explanation:

answered
User MJay
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8.4k points
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