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Business, 30.03.2020 19:05 mayfieldashley2437

Assume you have taken out a partially amortizing loan for $325,000 that has a term of 7 years but amortizes over 30 years. Calculate the balloon payment at maturity (year 7) if the interest rate on this loan is 4.5%.

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Assume you have taken out a partially amortizing loan for $325,000 that has a term of 7 years but am...

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