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Select all that apply Which of these statements is (are) correct about the amortization of a standard, level payment home mortgage loan? The principal reduction
Select all that apply Which of these statements is (are) correct about the amortization of a standard, level payment home mortgage loan? The principal reduction increases each month With a longer term, the interest share of the monthly payment is lower. As the term is longer the total cumulative interest paid is less. More than half the monthly payment is interest for about half the loan term
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