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Question
Which one of the following set of mortgage terms will cause the borrower to pay the most interest, assuming the mortgage is paid according to the amortization schedule?A. 10-year, 6.5 percent
B. 10-year, 7.0 percent
C. 15-year, 7.0 percent
D. 30-year, 6.5 percent
E. 30-year, 7.0 percent
Answer
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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