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21 May, 10:30

Tom has obtained a 5/25 balloon mortgage. After the initial period, he

decided to refinance the balloon payment with a new 30-year mortgage. How

many years will he be paying for his mortgage in total?

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Answers (1)
  1. 21 May, 11:39
    0
    The answer is 35 years.

    Step-by-step explanation:

    30+5=35
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