Question: A partially amortizing mortgage is made for $ 6 8 , 0 0 0 for a term of 1 0 years. The borrower and lender

A partially amortizing mortgage is made for $68,000 for a term of 10 years. The borrower and lender agree that a balance of $21,600 will remain and be repaid as a lump sum at that time.

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