Question: please answer both Thnaks You need a 25 -year, fixed-rate mortgage to buy a new home for $180,000. Your mortgage bank will lend you the

please answer both Thnaks please answer both Thnaks You need a 25 -year, fixed-rate mortgage

You need a 25 -year, fixed-rate mortgage to buy a new home for $180,000. Your mortgage bank will lend you the money at a 61 percent APR for this 300 -month loan However, you can afford monthly payments of only $900, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $900 ? Multiple Choice $22,92934 $198,786 $41,62958 $190,55634 $184,83965 The present value of the following cash flow stream is $6.795 when discounted at 10 percent annually What is the value of the missing cash flow? Multiple Choice $4,16806 $3.37719 54,086.33 $2.295.00 $4.00460

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