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## Balloon Loan - Payments

The values needed here are : b = Balloon amount, p = present value, r=rate per period in decimals(for example, if rate it 1% per month, then value of r will be .01), n=number of periods(these should correspond to the period units used in rate)

## $\left[p-\frac{b}{\left(1+r{\right)}^{n}}\right]*\left[\frac{r}{1-\left(1+r{\right)}^{\mathrm{-n}}}\right]$

The balloon loan payment formula is used to calculate the payments on a loan that has a balance remaining after all periodic payments are made. Examples of loans that may use the balloon loan payment formula would be auto leases, balloon mortgages, and any other form of loan not paid in full at its end date.

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