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Deepak's company buys a property valued at $ 1 0 , 0 0 0 and finances the purchase with an 7 4 % LTV loan.
Deepak's company buys a property valued at $ and finances the purchase with an LTV loan. The bank offers a year amortization schedule with interest and monthly payments and requires a balloon repayment after years. If Deepak's company holds on to the mortgage at maturity, what will be their balloon payment only loan balance still owed at the end of the mortgage term after making years of monthly payments State your answer as a number rounded to the nearest cent eg if you get $ write
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