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When the declining-balance method is used to calculate interest on an installment loan, the periodic interest rate is applied to the: a) the total value

When the declining-balance method is used to calculate interest on an installment loan, the periodic interest rate is applied to the:

a) the total value of the original loan divided by the terms

b) the total value of the original loan

c) the ending balance for that period

c) the beginning balance for that period

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