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Stacy purchased a home using a $350,000, 30-year mortgage with an interest rate of 6.0% APR, compounded monthly. After making 60 monthly repayments, she plans

Stacy purchased a home using a $350,000, 30-year mortgage with an interest rate of 6.0% APR, compounded monthly. After making 60 monthly repayments, she plans to pay off the loan using one lump sum amount (i.e., a balloon). Find out the size of the balloon. Group of answer choices $325,690 $291.667 $224,094 $350,000

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