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QUESTION
1. A constant payment, fully amortizing morgage loan is made for $100,000 at 8% for 30 years. If the payment per period is 169.23, how often are
1. A constant payment, fully amortizing morgage loan is made for $100,000 at 8% for 30 years. If the payment per period is 169.23, how often are payments made?
a. weekly
b. monthly
c. bi- monthly
d. bi- weekly.
