Business, 16.02.2021 01:00 PushyGorilla

he following statements is not true about mortgages? The payment allocated toward principal in an amortized loan is the residual balance—that is, the difference between total payment and the interest due. Mortgages are examples of amortized loans. The ending balance of an amortized loan contract will be zero. Mortgages always have a fixed nominal interest rate.

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he following statements is not true about mortgages? The payment allocated toward principal in an am...