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The maturity of the balloon loan is 5 years, amortization period is 30 years, loan amount is $85,000 with annual interest rate 4.5% and monthly
The maturity of the balloon loan is 5 years, amortization period is 30 years, loan amount is $85,000 with annual interest rate 4.5% and monthly payments.
- What is the monthly payment for this balloon mortgage?
- What is the balloon payment at the end of five years for this balloon mortgage?
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