Question
Troy has a 7/23 balloon mortgage on his $260,000 home. He has been making payments of $1323 each month and will have a balloon payment
for the amount of $198,569. If he decides to make the balloon payment, what will be the total financed price he paid for his home?
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Financial Algebra Advanced Algebra With Financial Applications
Authors: Robert Gerver, Richard J. Sgroi
2nd Edition
1337271799, 978-1337271790
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