One of the first amortizing mortgages was the constant amortization mortgage. Which of the following...
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Accounting
One of the first amortizing mortgages was the constant amortization mortgage. Which of the following characterized the components of the CAM payment over the life of the loan?
Interest Amortization Payment
(A) Decreasing Decreasing Decreasing
Interest Amortization Payment
(B) Constant Decreasing Decreasing
Interest Amortization Payment
(C) Decreasing Constant Decreasing
Interest Amortization Payment
(D) Constant Constant Constant
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