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Daniel is due to receive the balance of his trust fund in 5 years; as a result he has taken out a ( n )

Daniel is due to receive the balance of his trust fund in 5 years; as a result he has taken out a(n)q, mortgage where he has made small payments for several years and will pay off the balance in one large payment with his trust funds.
A. shared appreciation
B. fixed rate
C. graduated payment
D. balloon payment
E. ARM
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