Kayla is financing $168,125 to purchase a house. She obtained a 25/8 balloon mortgage at 3.85%. What will her balloon payment be?

$130,626.56

$131,045.66

$135,655.10

$140,657.11

I already calculated the monthly payment and I have the balloon payment formula, but I just end up getting stuck whenever I plug the numbers in.

Question

Kayla is financing $168,125 to purchase a house. She obtained a 25/8 balloon mortgage at 3.85%. What will her balloon payment be? 

 $130,626.56 

 $131,045.66 

 $135,655.10 

 $140,657.11 

I already calculated the monthly payment and I have the balloon payment formula, but I just end up getting stuck whenever I plug the numbers in.

.sam. · Answer

Offtopic, Post on http://openstudy.com/groups/Mathematics

anonymous · Answer

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