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    Exam 4: Fixed Interest Rate Mortgage Loans
  5. Question
    Because Its Payment Stream Looks Like a Staircase,which Loan Is
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Because Its Payment Stream Looks Like a Staircase,which Loan Is

Question 10

Question 10

Multiple Choice

Because its payment stream looks like a staircase,which loan is sometimes referred to as "stepped-up" financing due to prearranged payment increases?


A) CAM
B) CPM
C) GPM
D) ARM

Correct Answer:

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