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You need a 30-year, fixed-rate mortgage to buy a new home for $305,000. Your -mortgage bank will lend you the money at a 6 percent

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You need a 30-year, fixed-rate mortgage to buy a new home for $305,000. Your -mortgage bank will lend you the money at a 6 percent APR for this 360-month loan. However, you can only afford monthly payments of $1,450, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $1,450? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Balloon payment

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