As the Amortization Period of a Mortgage Increases, Holding Interest

question 55

Multiple Choice

As the amortization period of a mortgage increases, holding interest rates constant, the monthly payments will

• A)stay the same.
• B)increase.
• C)decrease.
• D)There is no connection between the amortization period and the size of the payment.

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Definitions:

Bodily States

The various physiological conditions or statuses of the body that can influence emotions, behaviors, and overall health, such as hunger, illness, or fatigue.

Health Psychology

A field of psychology focused on understanding how biological, psychological, and social factors influence health and illness.

Psychosomatic Medicine

A branch of medicine dealing with the interaction between psychological processes and physical disorders.

Behavioural Medicine

Application of the methods of behaviour modification to the treatment or prevention of disease—for example, the use of psychological techniques to control pain in patients undergoing medical procedures, or interventions to improve the diabetics’ ability to control their blood glucose.