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A borrower takes out a 15-year mortgage loan for $250,000 with an interest rate of 8%. The loan is set up as a negative amortization

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A borrower takes out a 15-year mortgage loan for $250,000 with an interest rate of 8%. The loan is set up as a negative amortization loan and the borrow makes no payments for the first five years on the loan. What would be the outstanding balance of the loan at the end of Years? $350,000.00 $372,461.43 $502,839.30 $246,796.34

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