Finance
A balloon mortgage features:
APayments that increase each year
BRegular monthly payments with a large final lump-sum payment✓ Correct
CNo monthly payments until the end of the term
DAn interest rate that adjusts monthly
Explanation
A balloon mortgage has regular (often low) monthly payments for a set period, followed by a large lump-sum (balloon) payment of the remaining balance at the end of the term.
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