balloon payment

  1. R

    Determine the Annual Percentage Rate on a loan with a balloon payment - work shown

    Hi Guys :), I am feeling like this: :rofl: Here's what I have: <tbody> VALUES LABELS NOTES/FUNCTIONS 500,000.00 Loan Amount 30 Term in Years 9.95% Interest Rate 4,369.39 Monthly Payment =-PMT(B4/12,B3*12,B2,0) 11,909.56 Finance Charge 488,090.44 Amount Financed =B2-B6...

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