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Question 5 9 pts You are looking for a $234,557 mortgage to buy a house. The mortgage has a 9 year term with a 17
Question 5 9 pts You are looking for a $234,557 mortgage to buy a house. The mortgage has a 9 year term with a 17 year amortization. The rate on the mortgage is 3.2% APR with monthly compounding and monthly payments. What is the balloon payment on the mortgage? Round your answer to 2 decimal places. (For example 2.437 = 2.44)
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