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You are going to borrow $97,000 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 $97,000 to fund the start of your new restaurant. The bank wants to be repaid with a balloon payment in A years. They charge 9% interest. How much will your payment be? (Round your answer to two decimal places.) You borrowed $350,000 12 years ago. The loan is structured as an amortized loan. The interest rate is 10% and you make quarterly (end of quarter) payments of 99,559.16. The loan is amortized over 25 years. How much principal have you paid over the first 12 years? $| 2205 X (Round your answer to two decimal places)

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