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Ausume the annual interest rate on a $500.000 seven year balloon mortgage 8 percent Payments will be made monthly based on 30 year mortation schedule

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Ausume the annual interest rate on a $500.000 seven year balloon mortgage 8 percent Payments will be made monthly based on 30 year mortation schedule a. What will be the monthly payment #53.669 $3.486 52.752 53.119 none hore b. What will be the balance of the town at the end of year 7? 5439.268 $346790 5462,387 nonohore $393.029 Whethe hath than the $3,119 none here b. What will be the balance of the loan at the end of year 77 0.5439,268 $346790 $462.387 none here $393.029 c. What will be the balance of the lon at the end of year Onone here $559,361 $510721 $485,401 $60B 001

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