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Suppose that you wish to buy a new home that will cost you $420,000. You must put $85,000 down, and will finance the rest at

Suppose that you wish to buy a new home that will cost you $420,000. You must put $85,000 down, and will finance the rest at 4.8% APR, making monthly payments for 30 years at the end of each month. However, the loan is structured with a balloon payment of $100,000 in the last month. How much will your remaining monthly payments be? 2000

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