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 due
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?

Answer rating: 100% (QA)

To determine the total financed price that Troy paid for his home we need to consider the monthl... View the full answer