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Help Which one of the following is true concerning amortized loans? Multiple Choice Amortized loans all have a balloon payment at the end of the

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Help Which one of the following is true concerning amortized loans? Multiple Choice Amortized loans all have a balloon payment at the end of the loan term. A loan where annual payments include the interest due plus some set amount of principal is an amortized loan O Amortized loan payments consist of interest only An amortized loan requires only one lump sum payment at the end of the loan term. An amortized loan is a type of a pure discount loan. 4. I . tv ee O P

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