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Balloon Amortization is a 16-bit version of a balloon payment schedule that demonstrates the effect of reducing initial payments and either making a large payment at the end of the balloon period or refinancing the loan. Printouts are professional looking and may be used by financial planners in advising a client on a method of mortgage payment. This program can demonstrate the effect this type of mortgage has on the term of the loan as well as the total amount of interest paid. This version prints the first page only. The registration price is $8.
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