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Suppose that you wish to buy a new home that will cost you $495,540. You must put $80,000 down, and the bank offers you a

Suppose that you wish to buy a new home that will cost you $495,540. You must put $80,000 down, and the bank offers you a 5-year 5.3% APR negative amortization loan with a payments $1,217 per month, and a balloon payment of $97,872 (your 360th payment). How much will your remaining payments be

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