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Which of the following are true about a partial amortization loan? The monthly payment is based on a longer amortization period than the maturity of

Which of the following are true about a partial amortization loan?

The monthly payment is based on a longer amortization period than the maturity of the loan.

The monthly payments do not fully pay off the loan by the end of the loan period.

The amortization period is shorter than the loan period.

The amortization period is longer than the loan period.

The borrower makes a large balloon payment at the end of the loan period.

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