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Problem 16 >> Intro Your company took out a commercial mortgage for $4,000,000 to buy an office building. The mortgage has an interest rate of
Problem 16 >> Intro Your company took out a commercial mortgage for $4,000,000 to buy an office building. The mortgage has an interest rate of 2.52% (APR) and is amortized over 30 years, using fixed monthly payments. However, the mortgage must be paid off after 18 years with a balloon payment. Part 1 Attempt 1/6 for 5 pts. What will be the balloon payment? p+ decimals Submit
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