19. Based on a partially amortizing $625,000 loan with a balloon payment of 20% what...
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19. Based on a partially amortizing $625,000 loan with a balloon payment of 20% what are the monthly repayments with a term of 25 years and an interest rate of 4.85% a) $3,481.17 b) $3,384.63 c) $2,976.75 d) $3,599.28 20. How much would the total repayments differ between a fully amortizing 25 year loan for $500,000 at 6.55% and an identical loan repaid over 15 years? a) $139,477.56 b) $184,816.63 c) $289,110.40 d) $231,029.65
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