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REAL 4300 Fall 2017 Question 3 Same loan as above $230,000, however, interestonly @ 6% for four (4) years with a balloon in the fifth

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REAL 4300 Fall 2017 Question 3 Same loan as above $230,000, however, interestonly @ 6% for four (4) years with a balloon in the fifth (5m) year Interest/Year Principal/Year Balance Year Total PaymentYear 1. 2014 2. 2015 3. 2016 4. 2017 5. 2018 Total (Add to check your work)

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