Assume you have taken out a balloon mortgage loan for $2,500,000 paid monthly to finance the purchase of a commercial property. the loan has a term of 5 years but amortizes over 25 years. calculate the balloon payment at maturity (year 5) if the interest rate on this loan is 4.5%. use excel (also posting the formula screen shot) for analysis and show all steps.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.