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21) A buyer obtained an $82,500 mortgage at 7% for 25 years. Settlement was on September 23rd and the mortgage was adjusted to begin October

21) A buyer obtained an $82,500 mortgage at 7% for 25 years. Settlement was on September 23rd and the mortgage was adjusted to begin October 1st (first monthly payment due November 1st). At closing which of the following occurred? Use a banker's year

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