When borrowing money to be repaid in regular future payments,the payment is based on the present value of the loan,the interest rate,and the length of the loan.

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This statement is true. The present value of the loan, the interest rate, and the length of the loan all play a role in determining the amount of each future payment. The present value is used to calculate the initial loan amount that will need to be repaid, and the interest rate and length of the loan are used to determine the size and number of payments required to repay the loan in full.

When Borrowing Money to Be Repaid in Regular Future Payments,the