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Mathematics 61 Online
OpenStudy (anonymous):

how would is solve this?? Marlin obtains a 20/6 balloon mortgage to finance $305,500 at 5.75%. How much principal and interest will he have already paid when his balloon payment is due?

OpenStudy (anonymous):

i need to figure out how to find principal and interest

OpenStudy (anonymous):

Do you know what the "20/6 balloon" part means?

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