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OpenStudy (anonymous):
Stephanie finances $423,000 with a 20/5 balloon mortgage at 4.45%. How much will she pay for principal and interest over the life of the loan? $508,077.56 $509,378.67 $510,674.71 $505,422.01
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OpenStudy (anonymous):
@tcarroll010
OpenStudy (anonymous):
@Falco276
OpenStudy (anonymous):
@jim_thompson5910
OpenStudy (anonymous):
@JOshua_Lewis
OpenStudy (anonymous):
someone help please
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jimthompson5910 (jim_thompson5910):
here is a calculator that may help you out http://www.bankrate.com/calculators/mortgages/balloon-home-mortgage-calculator.aspx
OpenStudy (anonymous):
what does 20/5 mean for the calculator?
jimthompson5910 (jim_thompson5910):
oh nvm, this calculator is based on 30 years, not 20 one sec
OpenStudy (anonymous):
ok
jimthompson5910 (jim_thompson5910):
check out this one instead http://tcalc.timevalue.com/all-financial-calculators/mortgage-calculators/balloon-mortgage-calculator.aspx
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OpenStudy (anonymous):
thanks
jimthompson5910 (jim_thompson5910):
you're welcome, tell me what you get
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