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algol [13]
3 years ago
8

Balloon Payment (Math)

Mathematics
1 answer:
fiasKO [112]3 years ago
7 0

Answer:

  96

Step-by-step explanation:

The loan duration is for 8 years, a total of 12·8 = 96 monthly payments. The 96th payment is the balloon payment.

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Step-by-step explanation:

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