Question: A $ 1 0 , 0 0 0 loan is to be amortized over 5 years, with annual end - of - year payments. Given

A $10,000 loan is to be amortized over 5 years, with annual end-of-year payments. Given these facts, which of these statements is CORRECT?
A. The proportion of interest versus principal repayment would be the same for each of the 5 payments.
B. If the loan were amortized over 10 years rather than 5 years, and if the interest rate were the same in either case, the first payment would include less dollars of interest under the and andion plan.
C. All the choices here are false.
D. The last payment would have a lower proportion of interest than the first payment.
E. The annual payments would be lower if the interest rate were higher
A $ 1 0 , 0 0 0 loan is to be amortized over 5

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