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Posted on Jul 30, 2024

Assume a $ 1 , 0 0 0 , 0 0 0 . 0 0 3 0 year real estate loan with a Stated Annual

Assume a $

1, 000, 000.00 30

year real estate loan with a Stated Annual Rate of

6.5 %,

and a $

500, 000.00

Balloon

(

remaining unpaid balance at the end of

30

years

) .

. (5)

What is the total MONTHLY payment?

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