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A mortgage has a balloon payment in 12 years. Given the following, what is the amount of the balloon payment assuming the borrower paid on

A mortgage has a balloon payment in 12 years. Given the following, what is the amount of the balloon payment assuming the borrower paid on a schedule to fully amortize the loan over 30 years?

Sale Price = $2,500,000

Interest Rate = 5.25% paid monthly

Loan to Value = 65%

Amortization Period = 30 years (assume monthly payments)

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