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Which is a true statement? a . Payments on installment loans consist of neither principal nor interest. b . Payments on installment loans consist of

Which is a true statement?
a. Payments on installment loans consist of neither principal nor interest.
b. Payments on installment loans consist of interest only.
c. Payments on installment loans consist of principal only.
d. Payments on installment loans consist of both principal and interest.
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