Question

Elizabeth obtains a $1,750,000 balloon mortgage for an investment property. The mortgage has terms of 25/6 at an interest rate of 2.5%. The monthly payment is $7,850.79. How much is the remaining balance after 6 years rounded to the nearest dollar?

$1,423,723

$1,184,743

$1,313,346

$1,330,000

Answer 1

not trying to sound all smart lol but it is C

Answer 2

you sound smart to me lo @lulu22

Answer 3

lol @lulu22 thanks again :D

Answer 4

lol you welcome and thanks

Answer 5

LOOL