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You would like to buy a house that costs $350,000 You have $50,000 in cash that you can put down on the house, but you

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You would like to buy a house that costs $350,000 You have $50,000 in cash that you can put down on the house, but you need to borrow the rest of the purchase price. The banks offering you a 30 year mortgage that require annual payments and has an interest rate of per year. You can afford to pay only 523,500 per year. The bank agrees to wow you to pay this amount each year, yet still borrow $300.000 Al the end of the mortgage (in 30 years). you must make a balloon payment that is, you must repay the remaining balance on the mortgage. How much will be this balloon payment? The balloon payment is s (Round to the nearest dollar)

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