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Which of the following statements is true for a conventional mortgage? 1. none of these 2. As the years pass, the ratio of interest to

Which of the following statements is true for a conventional mortgage?

1. none of these
2. As the years pass, the ratio of interest to principal repayment will decline
3. The ratio of interest to principal repayment remains constant over the entire period.
4. As the years pass, the ratio of interest to principal repayment will increase.

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