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# Interest rates on mortgages have declined steadily during

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Manager
Joined: 04 Nov 2006
Posts: 131

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13 Nov 2006, 02:56
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Interest rates on mortgages have declined steadily during the first six months of this year but virtually remained unchanged during the next three months.
(A) have declined steadily during the first six months of this year but virtually remained unchanged
(B) declined steadily during the first six months of this year but virtually remain unchanged
(C) steadily declined during the first six months of this year but remain virtually unchanged
(D) declined steadily during the first six months of this but have remained virtually unchangingâ€™
(E) declined steadily during the first six months of this year but have remained virtually unchanged

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Director
Joined: 06 Feb 2006
Posts: 893

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13 Nov 2006, 03:12
E for me....

The interest rates have declined and this action was left in the past.... so A is clearly wrong....

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Manager
Joined: 21 Aug 2006
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13 Nov 2006, 03:47
E for me. C is faulty for the use of remain i.e. simple present tense.
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Neelabh Mahesh

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Director
Joined: 17 Jul 2006
Posts: 700

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13 Nov 2006, 10:53
(E) declined steadily during the first six months of this year but have remained virtually unchanged during the next three months.

past tense for the declined happened in the first 6 months

have remained present perfect for the action happening now and in the future.

Straight E.

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Senior Manager
Joined: 22 Sep 2005
Posts: 278

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13 Nov 2006, 12:45
E too.

C can't be because there is a mistake in verbal times.

There are two different actions:

One, the first that take place in the past so we need the past tense.

And the other one, that is acting now from the past, so we need the present perfect.

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Director
Joined: 23 Jun 2005
Posts: 838

Kudos [?]: 87 [0], given: 1

GMAT 1: 740 Q48 V42

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13 Nov 2006, 12:48
Only E seems to be correct. I thought "steadily declined" was more appropriate than "declined steadily".

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Director
Joined: 18 Jul 2006
Posts: 523

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13 Nov 2006, 18:01
Chose E for use of "have" in second part (action started in past and still going on).

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Director
Joined: 24 Aug 2006
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Location: Dallas, Texas

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13 Nov 2006, 19:26
E !

Interest rates declined for first 6 months. <== past tense as this part id 100% complete.

Rates have remained unchanged for last 3 months <== present participle, as it started 3 months back and still going on.
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"Education is what remains when one has forgotten everything he learned in school."

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GMAT Club Legend
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13 Nov 2006, 19:41
A - 'have declined' is wrong as it would suggest the rates are still decreasing today
B,C - 'remain' -> wrong tense
D - 'unchanging' is not idiomatic

E is best.

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Manager
Joined: 04 Nov 2006
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13 Nov 2006, 21:17
OA is E

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Intern
Joined: 15 Nov 2006
Posts: 30

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15 Nov 2006, 03:55
E : I support

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15 Nov 2006, 03:55
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# Interest rates on mortgages have declined steadily during

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