Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 0. a bank is netvertising the following mortgage b

0. A bank is netvertising the following mortgage Balloon Mortgage $245.000 20/4 balloon 5.8 annual...

60.1K

Verified Solution

Question

Finance

image
0. A bank is netvertising the following mortgage Balloon Mortgage $245.000 20/4 balloon 5.8 annual rate Monthly Payment: $1,727.11 Balloon Payment: $216,789.79 What is the soul mortgage? (4 points) $216,516.00 $210,042.34 $299,09107 10. Shemi attempts to determine the total cost of a $500,000 ARM which starts at ok by predicting the monthly payments. Her predictions are shown in the table. Adjustable Rate Mortgage Year Monthly Payment 1-5 $2,997.75 I 6-20 $2.858.27 21-30 $3,093.85 What is the total cost of this mortgage based on Susan's predictions? (4 points) $1,073,984 40 $424.000.00 $1,065.615.60 O $1,079,190.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Light Sweet Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:    Year Cash...

Chemistry
1.2K views

what distills first in the 3 types of chromatography? Like do polar or non polar molecules...

Physics
1.2K views

Consider an experiment in which we bombard an unknown, quantum system with a broad beam of...

Economics
1.2K views

passage require analysis and breakdown In Managerial Economics, the authors discuss two different types of games: sequential-move...

Physics
1.2K views

Two parallel plane mirrors M and M have a length of 20 m each and...

Physics
1.2K views

112 Electric 6 The linear charge density on the semicir in magnitude is same The...

Geometry
1.2K views

Which of the following types of angles are congruent Corresponding Complementary Supplementary Linear Pair

Calculus
1.2K views

1 Prove that sin x cos x 1 cos x csc x

Algebra
1.2K views

2 Factor 81x8 36y 2 3 Factor 5x 23x 12 4 Factor 125x6 27y15

Algebra
1.2K views

5 2 x 3 8

Accounting
1.2K views

Which 2 management report templates will be seen by default when accessing a client's books...

Finance
1.2K views

the Federal Open Market Operation Committee (FOMC) reduced the federal funds target range in two...