The last payment in a partially amortizing residential mortgage loan is best referred to as a: A.

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The last payment in a partially amortizing residential mortgage loan is best referred to as a:

A. Waterfall.

B. Principal repayment.

C. Balloon payment.

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Related Book For  answer-question

Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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