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QUESTION 14 Suppose your company takes out a $3 million 5-year balloon loan...

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Finance

QUESTION 14

  1. Suppose your company takes out a $3 million 5-year balloon loan from a bank at an interest rate of 3%. What will be the balloon payment at the end of the loan term?

    $3.31 million

    $4.01 million

    $3.48 million

    $3.83 million

    $3.65 million

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