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Which of the following is not true about loan amortization in a given loan? A. Both the interest payment and principal payment will be identical
Which of the following is not true about loan amortization in a given loan?
A. | Both the interest payment and principal payment will be identical every period | |
B. | Both the interest payment and principal payment will add up to same amount every period | |
C. | To pay off the principal as well as to pay off the interest on the loan. | |
D. | Over the duration of the loan the interest payment will decrease and principal payment will increase over time. |
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