Question: A fixed - payment loan is said to be amortized, which means that Group of answer choices each payment includes both principal and interest. principal

A fixed-payment loan is said to be amortized, which means that
Group of answer choices
each payment includes both principal and interest.
principal is repaid before interest payments accrue.
The principal is repaid in one lump sum at the end of the loan.
the amount repaid each month changes with the market interest rate.

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