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Befuddled Befuddled
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As the amortization period of a mortgage increases, holding interest rates constant, the monthly payments will

▸ increase.

▸ stay the same.

▸ decrease.

▸ There is no connection between the amortization period and the size of the payment.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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dioxy186dioxy186
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