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CLopez678 CLopez678
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A month ago
Lucy has just obtained a five-year fixed-rate mortgage to buy her first home. The mortgage is amortized over 30 years. Which of the following statements is most correct?

▸ Lucy's payments will increase as the term of the mortgage increases.

▸ Lucy's payments won't change for the next 30 years.

▸ Lucy's payments won't change for the next 5 years.

▸ Lucy's payments will decrease as the term of the mortgage increases.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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daoneandonly300daoneandonly300
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