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Question: Julianne and Benjamin are financing $113,500 to purchase a house. They obtained a 15/5 balloon mortgage at 4.95%. What will their balloon payment be?

Question: Julianne and Benjamin are financing $113,500 to purchase a house. They obtained a 15/5 balloon mortgage at 4.95%. What will their balloon payment be? Answer: $84,887.22 THE ANSWER ABSOLUTELY...

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