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Q 10.15: Over the life of a fixed-rate mortgage with annual payments, the interest portion of each installment payment A : stays the same, but
Q 10.15:
Over the life of a fixed-rate mortgage with annual payments, the interest portion of each installment payment
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A :
stays the same, but the remaining principal balance on the loan decreases.
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B :
decreases, as does the remaining principal balance on the loan.
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C :
increases, but the remaining principal balance on the loan decreases.
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D :
decreases, while the remaining principal balance on the loan stays the same.
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