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Suppose that you wish to buy a new home that will cost you $350,000. Bank A is willing to lend you $330,000 at 7% APR,

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Suppose that you wish to buy a new home that will cost you $350,000. Bank A is willing to lend you $330,000 at 7% APR, paid monthly, at the end of each month, over 30 years. 19. Bank B is willing to lend you $330,000 at 8% APR, paid monthly, over 30 years, but with a balloon payment of $100,000 in the last month. How much are the monthly payments for Bank B

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