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Global companies like Google or Apple might manage large balloon payments in their financial strategies by maintaining a robust cash reserve. They can also plan for such payments by incorporating them into their long-term financial planning. Additionally, they might negotiate for favorable terms with their lenders, given their strong creditworthiness. It's also possible that they might refinance such payments into new loans if the conditions are favorable.
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Another possibility is the balloon payment. A balloon payment is a large, lump-sum payment you make at the end of the loan term. It's like saving the most significant piece of your financial pie for the last bite. This means that while Heart'z regular monthly payments are relatively low, they will have to make a large payment at the end of the loan term. This can be a surprise if you need more preparation for it.
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