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9 July, 13:05

A bank offers a mortgage that lists 2% interest for the first year of a loan. If a customer takes the mortgage, and 16 years later the rate for this loan is still 2%, the mortgage likely has a (n)

a) adjustable rate

b) credit limit

c) down payment

d) fixed rate

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  1. 9 July, 15:18
    0
    D. fixed rate, I do believe
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