Suppose that you wish to buy a new home that will cost you $462,749. You must put $80,000 down, and the bank offers you a 5-year 5% APR negative amortization loan with a payments $1,219 per month, at which point you are expecting to refinance. How much will you owe the bank at that time?

Question 9 6.25 pts Suppose that you wish to buy a new home that will cost you $462,749. You must put $80,000 down, and the bank offers you a 5- year 5% APR negative amortization loan with a payments $1,219 per month, at which point you are expecting to refinance. How much will you owe the bank at that time