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You need a 15-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at a 7.6 percent

image text in transcribedimage text in transcribed You need a 15-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at a 7.6 percent APR for this 180 -month loan. However, you can afford monthly payments of only $900, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $900 ? Multiple Choice $433,688.02 $143,506.37 $133,921.71 $447,101.05 $464,985.09

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