Since each installment payment on an amortized loan reduced the principal balance, the borrower pays: A. A

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Since each installment payment on an amortized loan reduced the principal balance, the borrower pays: A. A balloon payment at the end of the loan term. B. Decreasingly less interest over the course of the loan term. C. Increasingly more interest over the course of the loan term. D. An interest-only payment each month

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Since each installment payment on an amortized loan reduced the principal balance, the borrower pays: A. A

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