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4. Matt and Brenda were afraid that the payments the first two years would be two high for them. They arranged a balloon payment loan,

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4. Matt and Brenda were afraid that the payments the first two years would be two high for them. They arranged a balloon payment loan, with $2,000 principal due each of the first two years, and the remaining $8,000 due the last year. How much would their payments be under this plan? Principal Interest Total Payment Balance Remaining 1 payment 2nd payment 3rd payment Total 4. Matt and Brenda were afraid that the payments the first two years would be two high for them. They arranged a balloon payment loan, with $2,000 principal due each of the first two years, and the remaining $8,000 due the last year. How much would their payments be under this plan? Principal Interest Total Payment Balance Remaining 1 payment 2nd payment 3rd payment Total

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