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Which of the following statements about the amortization of a loan is true? Group of answer choices 50% of each payment is for interest while

Which of the following statements about the amortization of a loan is true?

Group of answer choices

50% of each payment is for interest while the rest is applied to the principal balance.

All of these answers.

A loan is fully amortized once the amortization schedule is drafted.

Amortization is the process of paying off a debt over time through regular payments.

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