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Janet has a mortgage with an original principal of $2,275,000 amortized over 25 years in monthly payments at 6.5% per annum interest.What is the monthly
Janet has a mortgage with an original principal of $2,275,000 amortized over 25 years in monthly payments at 6.5% per annum interest.What is the monthly payment? What is the mortgage balance of the above problem if it has a 10-year balloon note?
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