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 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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