Mathematics, 26.09.2019 07:30 kiwe595

You have just arranged for a $1,560,000 mortgage to finance the purchase of a large tract of land. the mortgage has an apr of 5.6 percent, and it calls for monthly payments over the next 30 years. however, the loan has an eight-year balloon payment, meaning that the loan must be paid off then. how big will the balloon payment be? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))

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You have just arranged for a $1,560,000 mortgage to finance the purchase of a large tract of land. t...

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