Personal Finance, 4e (Madura)

A) 15-year ARM. B) 30-year ARM. C) 15-year fixed rate. D) 30-year fixed rate. Answer: D. Diff: 2 Page Ref: 269. Question Status: Existing/Old. 7) Over the life of a mortgage, the payment to principal _____ and the portion to interest expense _____. A) increases; increases. B) decreases; increases. C) increases; decreases. D) decreases ... ................
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