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Please solve by explaining the button inputs on BA II Plus financial calculator.

You are a bank that is considering purchasing a commercial mortgage. The mortgage will have monthly payments of $100,000 for the next 60 months, and a balloon payment of $1,000,000 at the end of month 60. If you paid $6,000,000 for this mortgage today, what would be the rate of return on the investment?

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Financial Management, Finance

Category:- Financial Management
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