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The elderly are vulnerable not only to crime, but also to scams. The best advice to give an elderly person in avoiding scams is to:
Monthly Mortgage
A regularly scheduled payment that often includes both interest and principal, made by a borrower to a lender for the repayment of a home loan.
Interest Rate
The percentage rate that is paid by a bank on money that is in some accounts.
Monthly Payment
A specified amount of money paid at regular monthly intervals, typically associated with loans or installment purchases.
Quoted Interest Rate
The interest rate that a lender offers to a borrower for a loan, not accounting for compounding or additional fees.
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