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One of the first amortizing mortgages was the constant amortization mortgage. Which of the following characterized the components of the CAM payment over the life
One of the first amortizing mortgages was the constant amortization mortgage. Which of the following characterized the components of the CAM payment over the life of the loan?
Interest Amortization Payment (A) Decreasing Decreasing Decreasing | ||
Interest Amortization Payment (B) Constant Decreasing Decreasing | ||
Interest Amortization Payment (C) Decreasing Constant Decreasing
| ||
Interest Amortization Payment (D) Constant Constant Constant |
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