Ask Question
21 December, 05:19

Martin has a 7/23 balloon mortgage on his $195,000 home. He has been

making payments of $965 each month and will have a balloon payment due

for the amount of $170,143. If he decides to make the balloon payment, what

will be the total financed price he paid for his home?

+1
Answers (1)
  1. 21 December, 06:11
    0
    Answer: 251,203

    Step-by-step explanation:

    Martin pays 965 every month for seven years. Therefore,

    965*12*7 = 81,060

    Then, he has a balloon payment of 170,143 to make. Therefore, totaal financed price he paid for his home is 81,060+170,143 = 251,203.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Martin has a 7/23 balloon mortgage on his $195,000 home. He has been making payments of $965 each month and will have a balloon payment due ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers