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Which of the following statements is true regarding the monthly payment on a partially amortized loan in comparison to a fully amortized loan? The monthly

Which of the following statements is true regarding the monthly payment on a partially amortized loan in comparison to a fully amortized loan?

The monthly payment on a partially amortized loan is lower than on a fully amortized loan.

The monthly payment on a partially amortized loan is higher than on a fully amortized loan.

The monthly payment on a partially amortized loan is the same as on a fully amortized loan.

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