Question
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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The Structured Credit Handbook
Authors: Arvind Rajan, Glen McDermott, Ratul Roy
1st Edition
0471747491, 978-0471747499
