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1. What does equity mean? a. The amount of assets you own in dollars b. The amount of your mortgage in dollars c. PMT d.

1. What does equity mean?

a. The amount of assets you own in dollars

b. The amount of your mortgage in dollars

c. PMT

d. FV

2. A mortgage is a type of:

a. stock

b. equity

c. bond

d. annuity

3. Mortgage can also be referred to as

a. PV

b. purchase price - deposit

c. loan amount

d. all

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