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An example of a balloon loan is A) a loan you get funded on your birthday B) a loan that amortizes over 20 years and

An example of a balloon loan is

A) a loan you get funded on your birthday

B) a loan that amortizes over 20 years and is fully amortizing

C) a loan amortized over a longer period (20 yrs), but is paid off sooner (e.g. 10 yrs)

D) usually done on office buildings because they are riskier.

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