Suppose that you are only allowed to make a balloon payment, Financial Management

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Suppose that you are only allowed to make a balloon payment

You are offered an add-on loan for $4,500 at 18% for 5 years.

Suppose that you are only allowed to make a balloon payment to the principal of the compound interest loan. You have $1,000 to put down at the beginning of year three. How many payments will you save?

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Financial Management: Suppose that you are only allowed to make a balloon payment

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Financial Management: Suppose that you are only allowed to make a balloon payment

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