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The table shows the terms of a fixed-rate mortgage. A 2-column table has 4 rows. The first column is labeled component with entries (p) principal,
The table shows the terms of a fixed-rate mortgage. A 2-column table has 4 rows. The first column is labeled component with entries (p) principal, (r) monthly interest rate, (n) total number of monthly payments (30-year term), (m) monthly payment. The second column is labeled cost with entries 200,000 dollars, 0. 4 percent, 360, blank. Which accurately describes the terms of this mortgage? check all that apply.
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