Question: Hi I need help with a question from my study guide. 1.Miranda obtains a $296,000 15/5 balloon mortgage with a rate of 6.75%. What will

Hi I need help with a question from my study guide.

1.Miranda obtains a $296,000 15/5 balloon mortgage with a rate of 6.75%. What will her monthly payments be?

$3398.79

$2786.18

$2619.33

$2340.75

2.Stephanie finances $423,000 with a 20/5 balloon mortgage at 4.45%. How much will she pay for principal and interest over the life of the loan?

$508,077.56

$509,378.67

$510,674.71

$505,422.01

3.Answer the question below using the following amortization table.

Month| Principal | Paid Interest | Paid Balance

21 | $737.19 |$1,099.68 |$191,110.67

22 | $741.43 |$1,095.44 |$190,369.24

23 | $745.70 |$1,091.17 |$189,623.54

24 | $767.99 |$1,068.88 |$188,855.55

25 | $ 754.30 |$1,082.57 |$188,101.35

What is the regular monthly payment?

$331.85

$1836.87

$1084.66

$752.21

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