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Assume we are looking at an amortization table similar to Figure 5.1 within Chapter 5. Which of the following statements is FALSE? The monthly payment

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Assume we are looking at an amortization table similar to Figure 5.1 within Chapter 5. Which of the following statements is FALSE? The monthly payment remains the same throughout the loan. The interest rate or APR is constant throughout the loan. As you make more payments on the loan, the principal part of the payment decreases. As you make more payments on the loan, the interest part of the payment decreases. Figure 5.1 Example of an Amortization Table Show long description

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