0. A bank is netvertising the following mortgage Balloon Mortgage $245.000 20/4 balloon 5.8 annual...
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0. A bank is netvertising the following mortgage Balloon Mortgage $245.000 20/4 balloon 5.8 annual rate Monthly Payment: $1,727.11 Balloon Payment: $216,789.79 What is the soul mortgage? (4 points) $216,516.00 $210,042.34 $299,09107 10. Shemi attempts to determine the total cost of a $500,000 ARM which starts at ok by predicting the monthly payments. Her predictions are shown in the table. Adjustable Rate Mortgage Year Monthly Payment 1-5 $2,997.75 I 6-20 $2.858.27 21-30 $3,093.85 What is the total cost of this mortgage based on Susan's predictions? (4 points) $1,073,984 40 $424.000.00 $1,065.615.60 O $1,079,190.00
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