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A borrower takes out a 15-year mortgage loan for $150,000 with an interest rate of on. The loan is set up as a negative moon

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A borrower takes out a 15-year mortgage loan for $150,000 with an interest rate of on. The loan is set up as a negative moon and the bome no payments for the first five years on the loan. What would be the outstanding balance of the loan at the end of Year 5? $203,291.55 $225,000.00 5502,839.30 $246,796 34

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