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12. -2 pcints Ta Fl11 53.040 Olivia pons to secure a 5-ycar ba oon mortgagc of S200,000 toward the purchase of a condcmirium. Her monthly
12. -2 pcints Ta Fl11 53.040 Olivia pons to secure a 5-ycar ba oon mortgagc of S200,000 toward the purchase of a condcmirium. Her monthly payment for the monthly payment S Wy corz is calculatcd on the base of 30-year conventional mortoage t thc rte of 5% year compounded monthly. At the cnd of the 9 years, livia is required to pay the balanwd (he "ballcon payment). What will be her monthly payment for the first 5 years, and what will bher baloon payment? (Round your answers to the nearet cent.) belloon payment S Need Help?Ree t Takt& Tuter
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