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An amortized loan is one that a . is based on a person's retirement funds. b . is repaid in equal payments over its life.

An amortized loan is one that
a. is based on a person's retirement funds.
b. is repaid in equal payments over its life.
c. is only used for a depreciable asset.
d. has a future value of more than $1,000,000.
e. has variable payments based on compounded interest.
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