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What is the annual payment on a 20-year fully amortized loan of $500,000 with an interest rate of 4%?

Consider a loan for $300,000 with 20 annual payments and an interest rate of 5%. What is the payment amount with a balloon payment of $60,000?

You borrow $200,000 for 17 years at 6% APR with monthly payments. What is the total interest paid over the life of the loan?

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Financial Management, Finance

Category:- Financial Management
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