Question: QUESTION 12 Order these loans from highest monthly payment to lowest monthly payment. Consider the monthly payments before the final balloon payment. (Enter 1 as

 QUESTION 12 Order these loans from highest monthly payment to lowest

QUESTION 12 Order these loans from highest monthly payment to lowest monthly payment. Consider the monthly payments before the final balloon payment. (Enter 1 as your answer to designate loan with highest payment. 2 as a loan with second highest payment, and so on up to 5 to designate loan with the lowest payment) Each of the following loans is for $300,000 and is a faxed rate mortgage with a 4 50% interest rate Balloon payment of $250,000 is due at maturity Balloon payment of $500.000 is due at maturity Interest-only payments for the life of the loan The loan is fully repaid at maturity Balloon payment of $100,000 is due at maturity

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