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Carmen is considering a 3/27 balloon mortgage with an interest rate of 3.7% to purchase a house for 185, 000. What will be her balloon payment at the end of 3 years

Carmen is considering a 3/27 balloon mortgage with an interest rate of 3.7% to purchase a house for 185, 000. What will be her balloon payment at the end of 3 years
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2 votes
Carmen is considering a 3/27 balloon mortgage with an interest rate of 3.7% to purchase a house for 185, 000. What will be her balloon payment at the end of 3 years

asked
User Vlazzle
by
8.9k points

2 Answers

3 votes

Answer:

3.7÷100×185000=6845×3=20535

answered
User Pinkey
by
7.7k points
3 votes

Answer:

$174,314.53

Explanation:

Ap3x

answered
User Shmil The Cat
by
8.7k points
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