Finance
A fully amortizing mortgage loan is one where:
AOnly interest is paid each month, with the principal due at the end
BRegular payments of principal and interest result in the loan being fully paid off at the end of the term✓ Correct
CThe interest rate changes every year
DThe loan balance increases over time
Explanation
A fully amortizing loan has regular payments that cover both interest and principal, gradually reducing the balance to zero by the end of the loan term.
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