Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.7 The Cost of Home Ownership - Exercise Set 8.7 - Page 556: 13

Answer

A mortgage is a long-term installment loan for the purpose of buying a home.

Work Step by Step

A mortgage is a long-term installment loan for the purpose of buying a home.
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