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Author Question: In general, with an amortized loan, the payment amount remains constant over the life of the loan, ... (Read 247 times)

RODY.ELKHALIL

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In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion of each payment declines over the life of the loan.
 
  Indicate whether the statement is true or false

Question 2

In general, with an amortized loan, the payment amount remains constant over the life of the loan, both the principal portion of and the interest portion declines over the life of the loan.
 
  Indicate whether the statement is true or false



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Tonyam972

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Answer to Question 1

TRUE

Answer to Question 2

FALSE




RODY.ELKHALIL

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)


nathang24

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Reply 3 on: Yesterday
Excellent

 

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