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Youneed a 25-yeat faedrate mortgage to buy a new home for $315.000 Your bark will lend you the money at a 61 percent APR for
Youneed a 25-yeat faedrate mortgage to buy a new home for $315.000 Your bark will lend you the money at a 61 percent APR for this 300 -month loan. Howevef, you can only afford monthly payments of 51200 , so you offer to pay off any remaining loan bailance at: the end of the foan in the foetn of a ungle balloon payment How targe with this balioan payment have to be for you to keep yout monthly payments at \$1,2007 (Do not round intermediete calculotions. Round the fint answer to 2 decimal places. Omit 5 sign in your response.) Batiosen payment
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