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Ramirez Wellness borrowed $150,000 for five years and is now making monthly payments that include both principal and interest. Paying off the debt by making

Ramirez Wellness borrowed $150,000 for five years and is now making monthly payments that include both principal and interest. Paying off the debt by making installment payments, such as this firm is doing, is referred to as:

Multiple Choice

foreclosing on the debt.

amortizing the debt.

funding the debt.

calling the debt.

refunding the debt.

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