Question: Consider that you are paying back a fully amortized loan. Which of the following statements is most correct? Early loan payments include smaller amounts of
Consider that you are paying back a fully amortized loan. Which of the following statements is most correct?
Early loan payments include smaller amounts of interest payments.
After the last loan payment is made, there is still a large principal repayment remaining.
The actual loan payments vary from year to year.
Later loan payments include larger amounts of principal repaymentand less to interest.
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