tshego5234 tshego5234

11-01-2024
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What is the balloon payment of a five year loan for $9.3 MM at 8.75% interest with monthly payments on a 20 year amortization schedule?
A.$8,223,043.36
B.$4,368,894.24
C.$9,633,931.24
D.$6,323,232.23

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