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OpenStudy (anonymous):
Can Someone Please tell me which Formula I need to use? Ella obtains a $750,000 balloon mortgage for an investment property. The mortgage has terms of 15/3 at an interest rate of 5.5%. The monthly payment is $6,128.13. How much is the remaining balance after 3 years rounded to the nearest dollar? Answer Choices: A. $529,387 B. $644,949 C. $704,391 D. $600,000
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OpenStudy (anonymous):
I believe it would be C
OpenStudy (anonymous):
Are you sure? @tacoman1222334
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