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Case-Based Critical Thinking Questions

Question 98

Multiple Choice

Case-Based Critical Thinking Questions
Case 3-2
Pamela is getting ready to purchase her first condominium.To get ready for the mortgage process,she gathers her Excel spreadsheets that contain all of her financial information.
-Pamela needs to borrow $30,000 as a down payment for her condominium.This amount will be the ____.


A) Maximum
B) Principal
C) PMT
D) Compound principal

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