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A fixed principal loan of $50,000 to be repaid yearly in 10 years at a rate of 6% A fixed payment (principal including interest) loan

  1. A fixed principal loan of $50,000 to be repaid yearly in 10 years at a rate of 6%
  2. A fixed payment (principal including interest) loan of $250,000 to be repaid monthly in 15 years at an annual rate of 7%

Which loan is more likely to be a loan for a mortgage?

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