Question
Assume you have taken out a balloon mortgage loan for $2,750,000 to finance the purchase of a commercial property. The loan has a term of
Assume you have taken out a balloon mortgage loan for $2,750,000 to finance the purchase of a commercial property. The loan has a term of 5 years, but amortizes over 25 years. Calculate the balloon payment at maturity (Year 5) if the interest rate on this loan is 5.5%. Show your steps used in Excel.
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
