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How much will your remaining monthly payments be

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Suppose that you wish to buy a new home that will cost you $524,916. You must put $84,109 down, and will finance the rest at 4.2% APR, making monthly payments for 30 years at the end of each month. However, the loan is structured with a balloon payment of $100,000 in the last month. How much will your remaining monthly payments be?

Reference no: EM132643452

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