1. Youd like to buy a house. You can borrow $600,000 but you can only afford to make monthly payments of $2,750. The lender agrees to allow you to make this payment on a 30 year mortgage, but then you must make a balloon payment to cover any shortfall. What is the dollar amount youll still owe if your mortgage rate is 4.349% $174,763 $217,206 $189,305 $154,611
2. You have $12,000 in credit card debt and have finally decided to start to really pay it off. You determine that youll be able to make the following monthly payments. The APR on your credit card is 22%. Your first payment is today. How much will you owe after your last payment?

3. Month	Payment
   1	2000
   2	2000
   3	1500
   4	1500
   5	1500
   6	1000
   7	1000
   8	500
   9	500
   10	500

	$842.19
		$1044.68
		$0.00
		$785.60