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OpenStudy (anonymous):
please help.. Edith obtains a $2,250,000 balloon mortgage for an investment property. The mortgage has terms of 20/4 at an interest rate of 4.5%. The monthly payment is $14,234.61. How much is the remaining balance after 4 years rounded to the nearest dollar? $2,036,457 $1,566,739 $1,945,745 $1,800,000
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