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OpenStudy (anonymous):
Cody and Carolyn have a 20/7 balloon mortgage for $216,600 with a rate of 4.55%. How much will they pay in interest over the life of the loan? $61,443.88 $53,245.34 $53,984.18 $60,830.27
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OpenStudy (anonymous):
@aum Would you help please? I am eternally stuck on this one.
OpenStudy (aum):
Read the second and third paragraph: http://www.had2know.com/finance/balloon-mortgage-calculator-equation.html
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