Dennis and Darla have a 15/6 balloon mortgage for $178,800 with a rate of 3.95%. How much will they pay in interest over the life of the loan? The choices are: 1) $35,738.45 2) $29,807.39 3) $30,779.09

Dennis and Darla have a 15/6 balloon mortgage for $178,800 with a rate of 3.95%. How much will they pay in interest over the life of the loan?

The choices are:

1)
$35,738.45

2)
$29,807.39

3)
$30,779.09

4)
$36,132.26

1 Answer

Dennis and Darla have a 15/6 balloon mortgage for $178,800 with a rate of 3.95%. How much will they pay in interest over the life of the loan? The choices are: 1) $35,738.45 2) …

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