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12. Suppose that you wish to buy a new home that will cost you $450,513. You must put $80,000 down, and the bank offers you
12. Suppose that you wish to buy a new home that will cost you $450,513. You must put $80,000 down, and the bank offers you a 5-year 5.2% APR negative amortization loan with payments $1,293 per month, and a balloon payment of $83,679 (your 360th payment). How much will your remaining payments be?
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