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Alex has just obtained a 7-year fixed-rate mortgage to buy her first condo. The mortgage is amortized over 25 years. Which of the following statement

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Alex has just obtained a 7-year fixed-rate mortgage to buy her first condo. The mortgage is amortized over 25 years. Which of the following statement is most correct? O a Alex's payments will not change for the next 25 years. OD. Alex's payments will not change for the next 7 years. Oc Aler's payments will increase as the term of the mortgage increases. od Alex's payments will increase as the amortization period of the mortgage increases. O Aler's payments will decrease as the term of the mortgage increases

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