Business
Business, 25.01.2020 04:31, zanaplen27

Assume you have taken out a balloon mortgage loan for $2,500,000 paid monthly to finance the purchase of a commercial property. the loan has a term of 5 years but amortizes over 25 years. calculate the balloon payment at maturity (year 5) if the interest rate on this loan is 4.5%. use excel (also posting the formula screen shot) for analysis and show all steps.

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Assume you have taken out a balloon mortgage loan for $2,500,000 paid monthly to finance the purchas...

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