You would like to buy a house that costs $350,000. You have $50,000 in cash that...

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You would like to buy a house that costs $350,000. You have $50,000 in cash that you can put down on the house, but you need

Answer 1

Answer #1

Balloon payment PV*(1+r)^n-P*((1+r)^n-1))/r|| Balloon payments 121,013 = (300000*(1+8%)^30)-25580*(1+8%)^30-1)/8%

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Answer 2

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