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A customer takes out a loan of 5000 at an effective annual interest rate of 5%. Beginning at the end of the sixth year the

image text in transcribed A customer takes out a loan of 5000 at an effective annual interest rate of 5%. Beginning at the end of the sixth year the loan is amortized with annual payments, each equal to 500 with except for a balloon payment that is less than 1000. Calculate the final balloon payment

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