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Intro Your company took out a commercial mortgage for $4,000,000 to buy an office building. The mortgage has an interest rate of 3.72% (APR) and
Intro Your company took out a commercial mortgage for $4,000,000 to buy an office building. The mortgage has an interest rate of 3.72% (APR) and is amortized over 30 years, using fixed monthly payments. However, the mortgage must be paid off after 14 years with a balloon payment. IB Attempt 1/5 for 10 pts. Part 1 What will be the balloon payment? 0+ decimals Submit
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