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Excel Loan Amortization Schedule With Balloon Payment In Phoenix
State:
Multi-State
City:
Phoenix
Control #:
US-0019LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Accounting Treatment: The balloon payment is usually recorded as a liability in the financial statements until it becomes due.
In some cases, you may be able to negotiate with your finance provider to spread the balloon payment over monthly instalments – this is essentially what refinancing is. Doing this can help make the payment more manageable and reduce the financial strain of a large lump sum payment.
You can ask your lender for an amortization schedule, but this might not be as helpful if you're looking to see how extra payments could impact that schedule.
Firstly, measure the dimensions of the balloon, such as its radius or diameter. The volume of a balloon can be approximated as that of a sphere, so you can use the formula for the volume of a sphere to calculate it. The formula is V = (4/3)πr³, where V represents the volume and r denotes the radius.
