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Business, 04.12.2019 07:31 mar4894

Your uncle will sell you his bicycle shop for $250,000, with "seller financing," at a 6.0% nominal annual rate. the terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $50,000 at the end of the last month. what would your equal monthly payments be?

$4,029.37

$4,241.44

$4,464.67

$4,699.66

$4,947.01

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