Ella obtains a $750,000 balloon mortgage for an investment property. The mortgage has terms of 15/3 at an interest rate of 5.5%. The monthly payment is $6,128.13. How much is the remaining balance after 3 years rounded to the nearest dollar? (2 points)
a
$529,387
b
$644,949
c
$704,391
d
$600,000
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Answer:
a is the answer
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