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?
REPLIES: INSTRUCTIONSThe student must reply to at least two classmates’ threads by 11:59 p.m. (ET) Sunday of theassigned Module: Week. Your replies must
REPLIES: INSTRUCTIONSThe student must reply to at least two classmates’ threads by 11:59 p.m. (ET) Sunday of theassigned Module: Week. Your replies must include meaningful and substantive contributions tothe discussion, and ideally provoke and challenge the thinking of your colleagues. Each replymust be 200-300 words.Replies: Specific Reference RequirementsFor Discussion Replies: