Calculate the loan balance after 6 years of payment of the following Balloon Payment Mortgage: 1...

Calculate the loan balance after 6 years of payment of the following Balloon Payment Mortgage:
1 million dollar loan
Rate =5% annualized, monthly compounding
Loan term = 25 years
Amortization = balloon at the end of loan term of $300,000

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jeff jeffy answered 2 years ago

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