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Say you bought a house for $195000 with 10% down and financed it from a bank for a 30 year term at 5 00% interest per year compounded monthly If you can make a monthly payment of $750 only what

Say you bought a house for $195,000 with 10% down, and financed it from a bank for a 30-year term at 5.00% interest per year compounded monthly. If you can make a monthly payment of $750 only, what balloon amount should the bank be ready to have at the end of the 30-year period?

 

Jun 01 2020 View more View Less

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