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ehidna [41]
3 years ago
15

Daniel is due to receive the balance of his trust fund in 5​ years; as a result he has taken out​ a(n) ________ mortgage where h

e has made small payments for several years and will pay off the balance in one large payment with his trust funds.
Business
1 answer:
disa [49]3 years ago
6 0

Answer: Balloon payment mortgage

                         

Explanation: In simple words, balloon payment mortgage refers to the form of mortgage in which the borrower has to pay small amount of money over a particular item and at the time of maturity he has to pay a lump sum amount that is called the balloon payment of that mortgage.

These types of mortgages are usually used by business organisation who are expecting high profits on a project after a certain period of time. Thus, the correct answer is balloon payment mortgage.

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snow_lady [41]

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False.

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5 0
2 years ago
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Your core marketing strategy for your private business must include making a guarantee to tackle your optimal client's most prominent problem.It's tied in with marketing and advancements. That is, the work you put into bring issues to light about your image, increment interest for your item or administrations and lift deals.

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