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Negative amortization means that even when you make payments; a) The amount you owe goes down. b) You do not pay enough money to cover
Negative amortization means that even when you make payments;
a) The amount you owe goes down.
b) You do not pay enough money to cover full interest and it keeps adding to the principle.
1. | a is false and b is true. | |
2. | Both a and b are true. | |
3. | Both a and b are false. | |
4. | a is true and b is false. |
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