You have decided to get a $5,000,000 balloon mortgage with the following characteristics 5 years amortization with monthly payments, 10 interest rate, $2,500,00 balloon amount in year 5 What is the monthly payment You have decided to get a $5,000,000 balloon mortgage with the following characteristics 5 years amortization with monthly payments, 10 interest rate, $2,500,00 balloon amount in year 5 What is the monthly payment

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You have decided to get a $5,000,000 balloon mortgage with the following characteristics: 5 years amortization with monthly payments, 10% interest rate, $2,500,00 balloon amount

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You have decided to get a $5,000,000 balloon mortgage with the following characteristics: 5 years amortization with monthly payments, 10% interest rate, $2,500,00 balloon amount in year 5. What is the monthly payment?

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