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Which of the following is true about amortizing loan? a. In the beginning you pay more towards principal and less towards interest b. The periodic

Which of the following is true about amortizing loan?

a. In the beginning you pay more towards principal and less towards interest

b. The periodic payment is constant, and the interval is fixed

c. Interest rate that you are charged is always compounded annually

d. In the beginning all the payment towards amortization goes towards the interest

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