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What do the terms fully amortized loan and conventional

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Question: Barbara obtained a mortgage, to purchase a home, from River Savings and Loan. Barbara borrowed $100,000 from River. The mortgage was to be paid monthly; it was a fully amortized loan. The mortgage was a conventional mortgage. What do the terms "fully amortized loan" and "conventional" mean as applied to Barbara's mortgage?

Reference no: EM133597050

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