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What is the annual mortgage payment of the following loan? Principal $2,500,000 Interest Rate 5.75% Amortization 25 Years Balloon Payment $1,500,000 Loan Term 10 Years

What is the annual mortgage payment of the following loan?

Principal $2,500,000

Interest Rate 5.75%

Amortization 25 Years

Balloon Payment $1,500,000

Loan Term 10 Years

A) $188,732

B) $143,750

C) $106,348

D) $172,342

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