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A $700,000 balloon mortgage has terms of 20/4 with a 6% interest rate. What is the monthly payment rounded to the nearest dollar? (2 points)

A $700,000 balloon mortgage has terms of 20/4 with a 6% interest rate. What is the monthly payment rounded to the nearest dollar? (2 points)

a

$4,510

b

$2,917

c

$3,092

d

$5,015

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