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Consider a balloon mortgage loan with a face amount of $ 4 0 0 , 0 0 0 . At an annual interest rate of
Consider a balloon mortgage loan with a face amount of $ At an annual interest rate of the monthly payment is $ Although payments are based on a year amortization schedule, the loan has a year term to maturity. Determine the required balloon payment at the end of the term to maturity.
Input your answer as a positive number, rounded to the nearest whole dollar and without the $ sign, eg
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