Suppose you borrow $250,000 for 5-years, interest only loan at 3%? You have made monthly payments for 5 years. What is the outstanding loan balance after 5 years?

What is the monthly payment on a $300,000, 5% loan amortized over 30 years with a maturity of 5 years? (Round your answer to two decimal places)

What is the balloon payment due at the end of 5 years on a $300,000, 5% loan amortized over 30 years with a maturity of 5 years? (Round your answer to two decimal places)