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please show me how to calculate If the loan in Question 1 is designed to be paid monthly, interest-only, with the balance due in full
please show me how to calculate
If the loan in Question 1 is designed to be paid monthly, interest-only, with the balance due in full at the end of three years, what is the total amount of the balloon payment? a. $100.00 b. $101.25 c. $3,600 d. $3,645 If the loan in Question 1 is designed to be paid monthly, interest-only, with the balance due in full at the end of three years, what is the total amount of the balloon payment? a. $100.00 b. $101.25 c. $3,600 d. $3,645 Step by Step Solution
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