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10. Sometimes commercial lenders will amortize a loan for 10 years but require the borrower to pay off the loan in a shorter period of
10. Sometimes commercial lenders will amortize a loan for 10 years but require the borrower to pay off the loan in a shorter period of time by paying off the rest of the loan in one final payment, known as a "balloon" payment. How much would you have to pay for that balloon payment (the ending balance) if your loan was still amortized for 10 years but you had to pay it off in 5 years
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