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The Mortgage Constant (MC)factor Calculates the Payment Per Dollar Borrowed

Question 16

Multiple Choice

The mortgage constant (MC) factor calculates the payment per dollar borrowed. The numerator of the MC factor is (i) (1 + i) n.The denominator of the MC factor is:


A) (1 + i) n
B) (1 + i) n - 1
C) in
D) i
E) there is no denominator

Correct Answer:

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