o Prompt: Similar to the example in your text, calculate and present in a chart the cost of borrowing based upon: Principal borrowed of 89,000 12 Annual payments a year Monthly payments are $1,100 8.75% interest rate 72 total payments Period interest rate 1% What would be the final payment/balloon payment due on month 72 to be settled with this obligation?
Discussion Reply: You will reply to one of your classmates’ threads. Minimum of 250 words in the body. Minimum of 2 sources from the literature in addition to course texts. Use bolded headings below i
Discussion Reply: You will reply to one of your classmates’ threads. Minimum of 250 words in the body. Minimum of 2 sources from the literature in addition to course texts. Use bolded headings below in the reply. Current APA format must be used. Use the following Outline: • Summary –