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OpenStudy (anonymous):
Joanne and Bill are financing $305,500 to purchase a house. They obtained a 20/6 balloon mortgage at 5.75%. What will their balloon payment be?
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OpenStudy (anonymous):
ok, so we want to calculate the payments on a 20 years 5.75 loan and annuity it for 6 years
OpenStudy (anonymous):
okay
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