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ella [17]
2 years ago
11

Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. Which statement is true

Business
1 answer:
murzikaleks [220]2 years ago
5 0

Based on the information given regarding the mortgage, the true statement will be that each of their payments is for the same amount.

A fully amortized payment simply means a payment where the individual makes every payment according to the schedule of the loan.

A fully amortized payment is a periodic repayment of a debt. Since Karen and Al obtained a 30-year fixed-rate fully amortized loan when they purchased their home, they'll pay the same amount monthly.

Learn more about mortgage on:

brainly.com/question/1318711

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