Question: Which statement applies to an amortized loan that requires fixed principal payments? Multiple Choice The interest is paid only at loan maturity. The loan payments

Which statement applies to an amortized loan that requires fixed principal payments?

Multiple Choice

The interest is paid only at loan maturity.

The loan payments are an annuity due.

The final loan payment will equal the required principal payment amount.

The loan payments will be either an ordinary annuity or an annuity due.

The loan payments will decrease over time.

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