Balloon Loan Payments

Topics:
Credit Management,
Tools and Templates
Tags:
Finance,
Operational Accounting,
Payment,
Payment Calculator
Source:
American Bankers Association

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Overview: Compute the payment amount for a simple loan with an optional balloon payment, using monthly interest compounding and monthly payments. Enter the loan amount, number of monthly payments, date the balloon payment will occur, and the nominal annual rate. The payment calculator computes the payment amount for you. The balloon is assumed to be due one month after the last regular payment.

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Format: HTML | Date: Jan 2008

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