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The payoff balance of an installment loan with equal monthly payments is equal to: Indicate True or False a) The number of payments remaining times

The payoff balance of an installment loan with equal monthly payments is equal to: Indicate True or False

a) The number of payments remaining times amount of each payment

b) The original amount of the loan minus the product of the numbers of payments made and the amount of each payment

C) The present value of the remaining payments

d) The original loan divided by the original number of payments required times the number of payments left

(true/false)

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