Example: A Mortgage With a Balloon Payment.
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Step 1.
PV = 72,500
PMT = ?
End Mode
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58 5: Time Value of Money Calculations
I/YR = 8.8%
N = 25
P/YR = 2
. . .
2
y
LI
BEGIN
Display:
12.00
300.00
0.00
172,500.00
8.80
–1,424.06
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