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2. You have just arranged for a $500,000 mortgage to finance the purchase of an apartment. The mortgage has an 5.2% APR, and it calls

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2. You have just arranged for a $500,000 mortgage to finance the purchase of an apartment. The mortgage has an 5.2% APR, and it calls for monthly payments over the next 30 years. However, the loan has an 10 year ballon. payment, meaning that the loan must be paid off then. How big will the balloon payment be

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