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assume you have taken out a balloon mortgage loan for $3,500,000 to finance the purchase of a commercial property. The loan for the term of
assume you have taken out a balloon mortgage loan for $3,500,000 to finance the purchase of a commercial property. The loan for the term of 5. years but amortizes over 30 years. Calculate the balloon payment at maturity (5 years) if the intrest rate on this loan is 4.5%
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