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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.

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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. 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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