Topic 13.2: Practice Activities Copy
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Question 1 of 2
1. Question
On a fixed-payment amortized loan, the interest amount of each payment declines.
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Question 2 of 2
2. Question
A borrower finances the purchase of a home with a 30-year adjustable rate mortgage. The index is 4% and the margin is 2.25%. The calculated rate of the mortgage is 6%.
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