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1. Assume you have taken out a partially amortizing loan for $1,250,000 that has a term of seven years but amortizes over 20 years. Calculate

1. Assume you have taken out a partially amortizing loan for $1,250,000 that has a term of seven years but amortizes over 20 years. Calculate the balloon payment if the interest rate on this loan is 7.25%.

Can you show me how to work it out on excel? Thank you!

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