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Question 1 The borrower pays the lender interest in exchange what? Correct Answer Principal Question 2 With an amortizing loan, mortgage payments are paid how? Correct Answer Mortgage payments are structured to gradually pay off both the principal balance and the interest over the life of the loan. These payments are typically made in equal monthly installments. Question 3 Mikayla, a licensed real estate sales agent, helped her client buy a property outside of Springfield. The listing a...

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