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Which of the following statements about fixed rate mortgages is false? a. absent defaults, actual monthly payments are never more than scheduled monthly payments b.

Which of the following statements about fixed rate mortgages is false?

a. absent defaults, actual monthly payments are never more than scheduled monthly payments

b. 15-year mortgages have higher monthly payments than 30-year mortgages

c. scheduled monthly payments are constant over the life of the mortgage

d. actual monthly payments may vary over the life of the mortgage

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