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Match the following Down Payment 1. The rate at which the value of an item increases in value over time. Fixed Rate Appreciation 2.
Match the following Down Payment 1. The rate at which the value of an item increases in value over time. Fixed Rate Appreciation 2. An RRSP is an example of a 3. A mortgage with a constant interest rate (one that doesn't change over time) 4. A loan used for real estate property. Amortization 5. Mortgage 6. Annuity Principal 7. The amount still owed on a mortgage A series of equal payments or deposits made at regular intervals over a fixed period of time. A lump sum of money paid towards the cost of a home to decrease the mortgage amount Future Value 8. The time it takes to fully pay back a mortgage. Application
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