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Obtain the level of the first few payments

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Reference no: EM132270488

Ms. Maili Sirrus obtained a balloon loan of $235,000 at a nominal rate of interest of 3.35 percent for four years. If repayment is scheduled at the end of every week, obtain the level of the first few payments, assuming he will pay $41,000 at the end of the term.

Reference no: EM132270488

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