Question

Help please?

Julianne and Benjamin are financing $113,500 to purchase a house. They obtained a 15/5 balloon mortgage at 4.95%. What will their balloon payment be?

$138,214.50

$64,924.03

$84,887.22

$85,433.10

Answer 1

@campbell_st @CalebBeavers

Answer 2

@dmezzullo

Answer 3

@ganeshie8

Answer 4

@Hero

Answer 5

please, anyone

Answer 6

@agent0smith

Answer 7

hey again,
i use this formula :

113500(1+0.004125)^60- 894.597((1+0.004125)^60-1)/0.004125)=
i get number close to $84,887.22

Answer 8

( i get about 84,538.35)