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17 A lender charges 7% in compound interest on a $120,000 loan. A single balloon payment is required to pay off the loan at the
17 A lender charges 7% in compound interest on a $120,000 loan. A single balloon payment is required to pay off the loan at the end of 5 yr. How much is the balloon payment? O (A) $48,000 O (B) $128,000 O (C) $168,000 O (D) $169,000
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