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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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