[Solved] Assume a $200,000 mortgage with APR = 12%

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Assume a $200,000 mortgage with APR = 12%. In addition, the loan is a 7-year balloon with a 25-year amortization. What is the monthly payment?

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Assume a $200,000 mortgage with APR = 12%. In addition, the loan is a 7-year balloon with a 25-year amortization. What is the monthly payment? Oa.S3,208 O b. S 1,556 Oc.S1,107 O d. $2.106

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