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The loan balance on the partially amortized loans declines slowly because the earlier payments mostly consist of interest yearly payment rises steadily over the years
The loan balance on the partially amortized loans declines slowly because the
earlier payments mostly consist of interest
yearly payment rises steadily over the years
earlier payments mostly consist of principal
interest rate rises over the years
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
