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Question
One of the most popular amortizing mortgages today is the constant payment mortgage. Which of the following characterizes the components of the CPM payment over the life of the loan?
| Interest | Amortization | Payment | ||
| (A) | Decreasing | Decreasing | Decreasing | |
| (B) | Increasing | Decreasing | Constant | |
| (C) | Decreasing | Increasing | Constant | |
| (D) | Constant | Constant | Constant |
A) Option A
B) Option B
C) Option C
D) Option D
Answer
This answer is hidden. It contains 19 characters.
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