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Which of the following loan characteristics can benefit the borrower? A 3 0 year amortization with a balloon on a loan with a 1 0

Which of the following loan characteristics can benefit the borrower?

30

year amortization with a balloon on a loan with a

10

year term.

Non

-

recourse loan

Prepayable any time at par

Full

-

recourse loan

Prepayment penalty

Non

-

prepayable

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