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A balloon payment loan: Has smaller period payments, but a larger final payment and less total interest paid. Has larger period payments, but a smaller

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A balloon payment loan: Has smaller period payments, but a larger final payment and less total interest paid. Has larger period payments, but a smaller final payment and more total interest paid. Has larger period payments, but a smaller final payment and less total interest paid. Has smaller period payments, but a larger final payment and more total interest pald. Needs to be larger than the operator really needs at one time, otherwise the operator may have to take out multiple loans

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