A real estate promissory note reads "$887.50 per month for 239 payments, then a final monthly payment of $3,011.19." This is an example of a/an:

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The final payment of $3,011.19 is much larger than the preceding monthly payments of $887.50, indicating a balloon payment structure where a large payment is due at the end of the loan term. This is different from an amortized payment structure where each payment is of equal amount and covers a portion of principal and interest.

A Real Estate Promissory Note Reads "$887