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Assume a $10,000,000 mortgage for an office building. The loan carries a rate of 4.25% based on monthly pay over a 30-year amortization period. The

Assume a $10,000,000 mortgage for an office building. The loan carries a rate of 4.25% based on monthly pay over a 30-year amortization period. The loan has a balloon amount due in 10 years. What is the balloon amount?

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