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12) How much is the balloon payment of a balloon mortgage, if the size of the mortgage is $500,000, interest rate is 10%, term is

12)

How much is the balloon payment of a balloon mortgage, if the size of the mortgage is $500,000, interest rate is 10%, term is 10 years and the amortization is 30 years?

Select one:

a. 345,678.90

b. 748,908.65

c. 545,689.73

d. 454,689.73

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