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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
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? . Alex's payments will not change for the next 25 years. O b. Alex's payments will not change for the next 7 years. Alex's payments will i re-se as the term of the mortgage increases. O d. Alex's payments w...in e: 2 as the amortization period of the mortgage increases. O c. O e. Alex's payments will decrease as the term of the mortgage increases
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