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You are going to borrow $102,000 to fund the start of your new restaurant. The bank wants to be repaid with a balloon payment in

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You are going to borrow $102,000 to fund the start of your new restaurant. The bank wants to be repaid with a balloon payment in 3 years. They will charge 8% interest. How much will your payment be? The balloon payment will be $ (Round to the nearest cent.)

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