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Posted on Sep 07, 2024

You borrow a balloon mortgage loan of $ 2 0 0 , 0 0 0 at 8 % rate for 3 0 years with monthly

You borrow a balloon mortgage loan of $

200, 000

8 %

rate for

30

years with monthly payments, the loan is partially amortized and the ballon payment of $

100, 000

is scheduled at the end of year

30 .

The outstanding loan balance if the loan is repaid at the end of year

5 ?

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