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An Amortized Loan

Question 349

Multiple Choice

An amortized loan:


A) Requires the interest amount to be repaid in even increments over the life of the loan.
B) May have equal or increasing amounts applied to the principle from each loan
C) Payment.
D) Requires that all interest be repaid on a monthly basis while the principle is repaid at the end of the loan term.
E) Requires that all payments be equal in amount and include both principle and interest.

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