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Midway through the life of an amortized loan, the percentage of the payment that represents interest could be equal to , less than, or greater

Midway through the life of an amortized loan, the percentage of the payment that represents interest could be equal to

,

less than, or greater than to the percentage that represents repayment of principal. The proportions depend on the original life of the loan and the interest rate.

True

False

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