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QUESTION 11 Which of the following mortgages will have the largest monthly payment? A. Fully amortizing 30 year FRM, annual i=2%, mortgage amount $200,000 B.
QUESTION 11 Which of the following mortgages will have the largest monthly payment? A. Fully amortizing 30 year FRM, annual i=2%, mortgage amount $200,000 B. 30 year FRM, annual i=3%, mortgage amount $200,000 with a balloon payment of $20,000 at the end of the loan C. Fully amortizing 30 year FRM, annual i=4%, mortgage amount $200,000 OD. Fully amortizing 25 year FRM, annual i = 4%, mortgage amount $200,000 O E. Fully amortizing 30 year FRM, annual i = 3%, mortgage amount $200,000
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