Question: Loan payments have Two components, an interest component and a principle component. Two components, the loan balance components and the bank fee component. Three components,

  1. Loan payments have
    1. Two components, an interest component and a principle component.
    2. Two components, the loan balance components and the bank fee component.
    3. Three components, an interest component, a principle component, and a bank fee component.
    4. Three components, an interest component, a principle component, and an amortization component.

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