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When a loan is amortized, it means: A. the borrower is in default. B. the principal and interest are paid off by the borrower over

When a loan is amortized, it means: A. the borrower is in default. B. the principal and interest are paid off by the borrower over the life of the loan

C. the interest is due entirely at the maturity date. D. the principal in never repaid, only interest.

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