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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 than

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. a. True b. False

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