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As the amortization period of a mortgage increases, holding interest rates constant, the monthly payments will stay the same. increase. decrease. There is no connection
As the amortization period of a mortgage increases, holding interest rates constant, the monthly payments will
- stay the same.
- increase.
- decrease.
- There is no connection between the amortization period and the size of the payment.
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
