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Given the following information, calculate the balloon payment for a partially amortized mortgage: loan amount: $2,904,000; term to maturity: 5 years; amortization term: 25 years;

Given the following information, calculate the balloon payment for a partially amortized mortgage: loan amount: $2,904,000; term to maturity: 5 years; amortization term: 25 years; interest rate: 6.75%.

Using Excel

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