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| rev | Admin | (Created page with "'''Solution: E''' Value at time 5 years: <math display = "block"> \begin{aligned} & 100,000(1.02)^{20}-2500 s_{\overline{200}|0.02} \\ & 87,851.32=5000 a_{\overline{m}|0.02} \end{aligned} </math> <math>m=21.86</math>, using the BA II Plus. Since we want a balloon payment, use <math>m=21</math>. <math display = "block"> 87,851.32=5000 a_{210.02}+B v^{21} </math> <math>\mathrm{B}=4236.70</math>, so balloon equals <math>5000+4236.70=9236.70</math> {{soacopyright | 2023 }}") | Nov 19'23 at 14:22 | +475 |