Question $39$

$5$ pts

Assume you have taken out a balloon mortgage loan for $$2,500,000$ to finance the purchase of a commercial property. The loan has a term of $5$ years, but amortizes over $25$ years. Calculate the balloon payment at maturity $($Year $5)$ if the interest rate on this loan is $4\mathrm{.}5\%.$

$$5,637\mathrm{.}99$

$$2,495,479\mathrm{.}19$

$$13,895\mathrm{.}82$

$$2,196,447\mathrm{.}59$