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You wish to borrow $200,000 for 20 years at 7% interest rate and amortize the loan by making monthly payments. You also agree to make

You wish to borrow $200,000 for 20 years at 7% interest rate and amortize the loan by making monthly payments. You also agree to make a balloon payment of $30,000 at the end of your last month (240th month). What will be your monthly payment. (2 points)

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