Balloon Loan Payments

`P_"Balloon Loan" = ( "PV" - "BA" /(1 + "r" )^ "n" ) * "r" /(1-(1 + "r" )^(- "n" ))`

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The balloon loan payment equation is used to calculate the balloon payment expected to clear the balance remaining after all periodic payments have been made at the end of the term. 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.