Question: Given the following information, calculate the balloon payment for a partially amortized mortgage: loan amount: $1,284,000; term to maturity: 7 years; amortization term: 25 years;

Given the following information, calculate the balloon payment for a partially amortized mortgage: loan amount: $1,284,000; term to maturity: 7 years; amortization term: 25 years; interest rate: 7.5%.

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