Homework: Lab 4 Save Score: 0 of 1 pt 12 of 15 (1 complete HW Score: 6.67%, 1 of 15 pts Problem 4-33 Question Help 0 You would like to buy a house that costs $350.000. You have 550,000 in cash that you can put down on the house, but you need to borrow the rest of the purchase price. The bank is offering you a 30-year mortgage that requires annual payments and has an interest one of 7% per year. You can afford to pay only $22.970 per year. The bank agrees to allow you to pay amount each year, yet will borrow $300,000. At the end of the mortgage in 30 years, you must make a balloon payment that is, you must pay the remaining balance on the mortgage. How much will be his balloon payment? Hint. The baloon payment we be in addition to the 30th payment The baloon payment is Round to the nearest dostat) Enter your into the chicken All parts showing CA esc # F2 80 10 00 PT DII DO 19 Save Homework: Lab 4 HW Score: 33.3396, 5 of 15 pts 12 of 155 completely Score: 0 of 1 Problem 4-33 Question Help You would be to buy a house that cost $350,000. You have $50.000 in cash that you can put down on the house, but you need to borrow the rest of the purchase price. The bank is offering you a 30-year mortgage that requires annual payments and has per year. You can word to pay only $22.970 per year. The bank agrees to allow you to pay this amount each year, yet so borrow $300.000. At the end of the mortgage in 30 years), you must make a balloon payment is you say the remaining balance on the mortgage. How much will be balloon payment? Hint. The baloon payment will be in addition to the payment The balcon payment Round to the nearest dolar) wer in the box and then click Check All parts showing Clear Check Awe SO 3 5 DI DO : . BY ! 1 8 2 $ 4 - 3 5 6 & 7 + 8 9 0 delete Q W E R Y U