Sometimes amortized loans stipulate a ballon payment at the, Financial Management

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Sometimes amortized loans stipulate a ballon payment at the

Sometimes amortized loans stipulate a ballon payment at the end of the term. How much money can you borrow at 8% intrest compounded quartely if you agree to pay $200 at the end of each quarter-year for 3 years and a ballon payment of $1000 at the end of the third year?

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