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26 October, 21:27

A mortgage is a type of installment loan. How does an adjustable rate mortgage work?

a.

the mortgage is paid off sooner

c.

the interest rate changes

b.

payment amount stays the same

d.

the interest rate stays the same

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Answers (1)
  1. 26 October, 21:37
    0
    I'm pretty sure it will be C the interest rate changes. A mortgage is a type of installment loan. An adjustable rate mortgage work with the interest rate changes.
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