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I need help ASAP!1 50. Assume we took out a loan from a bank (with a stated rate of interest) and make annual payments on
I need help ASAP!1
50. Assume we took out a loan from a bank (with a stated rate of interest) and make annual payments on the loan. The principal portion of our annual loan payment as we make more and more loan payments. A. decreases B. remains constant C. increases 49. If the (type] argument in the PMT function is left blank, which of the following is TRUE? A. The function will assume that payments will be made at the end of each period. B. The function will assume that payments will be made at the beginning of each period. C. The function will calculate monthly payments. D. The function will produce a negative value output. E. The function will calculate yearly paymentsStep by Step Solution
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