Question: When a loan is amortized: Every payment goes towards both the principal and the interest owed, but the percentage of each changes with each payment.

When a loan is amortized:
Every payment goes towards both the principal and the interest owed, but the percentage of each changes with each payment.
The last payment on the loan will be almost entirely interest and a very small.portion of principal.
Each payment includes an equal portion of principal and interest.
Principal is only paid in the last installment
When a loan is amortized: Every payment goes towards both the

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