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Mahalaxmi wants to buy a new home costing $190,000. with a 20-year, mortgage at a 7.1 percent annual percentage rate for this 240-month loan. Mahalaxmi
Mahalaxmi wants to buy a new home costing $190,000. with a 20-year, mortgage at a 7.1 percent annual percentage rate for this 240-month loan. Mahalaxmi can only afford monthly payments of $900, and the remaining balance is paid as a balloon payment. What is the Balloon Payment if Mahalaxmi wants the monthly payments to remain at $900?
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