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Question # 29

A buyer obtains a loan of $250,000 at 6% annual interest for 30 years. Which term best describes the process of calculating the monthly principal and interest payment?

Options:

A.

Amortization

B.

Appreciation

C.

Depreciation

D.

Equity

Viewing question 29 out of 72 questions
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Real Estate Licensing Overview

Name Real Estate Licensing
Code Real Estate Licensing
Vendor Professional
Certification State Licensing Boards

Real Estate Licensing Questions