Marlin obtains a 20/6 balloon mortgage to finance $305,500 at 5.75%. How much principal an

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Marlin obtains a 20/6 balloon mortgage to finance $305,500 at 5.75%. How much principal and interest will he have already paid when his balloon payment is due? The answer choices are A). $188,267.86 B). $152,285.77 C). $154,430.48 D). $249,256.48

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Felix M848
School: University of Maryland

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