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2 Ann wants to buy an office building which costs $ 1 , 0 0 0 , 0 0 0 . She obtains a 3
Ann wants to buy an office building which costs $ She obtains a year fully amortizing fixed rate mortgage with LTV an annual interest rate of with monthly compounding and monthly payments. Ann has a balloon payment due years after she gets the loan. If Ann pays the required monthly payment for years, how much is her balloon payment?
A $
B $
C $
D $
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