Register

Balloon Payment (Math)

Balloon Payment (Math)
asked 161k views
5 votes
Balloon Payment (Math)

Balloon Payment (Math)-example-1
asked
User Shevron
by
8.1k points

1 Answer

4 votes

Answer:

96

Explanation:

The loan duration is for 8 years, a total of 12·8 = 96 monthly payments. The 96th payment is the balloon payment.

answered
User Govinda Rajbhar
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!