How much will your remaining payments be

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Suppose that you wish to buy a new home that will cost you $452294. You must put $80000 down and the bank offers you a 5 year 5%APR negative amortization loan with a payments 1265 per month and a balloon payment of $63960 which is the 360th payment. How much will your remaining payments be? Please show work and TVM inputs.

Reference no: EM133233626

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