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Mathematics 9 Online
OpenStudy (anonymous):

Kathy is financing $218,675 to purchase a house. She obtained a 30/10 balloon mortgage at 3.35%. What will her balloon payment be?

OpenStudy (amistre64):

the balance remaining after the 10 years are up ....

OpenStudy (amistre64):

step 1, determine the payment amount for the 30 year fixed loan step 2, balance it out after 10 years

OpenStudy (anonymous):

by balance it out after 10 years what do you mean? How do I do that? @amistre64

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