anonymous
  • anonymous
Carson is accepted for a 20/10 balloon mortgage at 4.27%. If Carson finances $235,750, how much will his balloon payment be? $142,623.08 $143,130.58 $148,713.09 $188,077.31
Mathematics
chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
anonymous
  • anonymous
ganeshie8
  • ganeshie8
I don't seem to remember the formulas, if psble can you take a screenshot of balloon mortgage lessons page and attach ?

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
um i cant
anonymous
  • anonymous
but i do remember the formulas
ganeshie8
  • ganeshie8
what does `20/10 balloon mortgage` mean ?
ganeshie8
  • ganeshie8
what quantities do 20 and 10 represent here ?
anonymous
  • anonymous
The 20 means that the beginning fixed monthly payments are going to be calculated as if the mortgage would be paid off in 20 years. The 10 means that fixed payments will be made for 10 years. After the 10 years, the balloon payment is due.
anonymous
  • anonymous
anonymous
  • anonymous
anonymous
  • anonymous

Looking for something else?

Not the answer you are looking for? Search for more explanations.