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Which of the following is true when making payments on a loan over time (loan amortization)? A. The amount of the payment that services interest

Which of the following is true when making payments on a loan over time (loan amortization)?

A.

The amount of the payment that services interest decreases over time

B.

The amount of the payment that goes towards interest is always equal to the amount that pays down principal

C.

The amount of the payment that pays down the principal increases over time

D.

Equity is built up faster during the early years of the loan

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