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39. Given the following information, calculate the balloon payment for a partially amortized mortgage Loan amount: $84,000, Term to maturity: 7 years, Amortization Term: 30

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39. Given the following information, calculate the balloon payment for a partially amortized mortgage Loan amount: $84,000, Term to maturity: 7 years, Amortization Term: 30 years, Interest rate: 4.5%, Monthly Payment: $425.62. (This will be the balance after 7 years) A. $9,458 B. $30,620 C. $73,102 D. $84,000 40. Given the information in question 39, how much total interest did the borrower pay during the 7 years? A. $73,102 B. $10,898 C. $24,854 D. None of the above

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