Wednesday
April 23, 2014

Homework Help: Finance

Posted by Neisha on Sunday, July 7, 2013 at 5:49pm.

In an amortized loan, the principal portion:
increases with every payment and is zero with the last payment.
increases with every payment and completely repays the loan with the last payment.
increases with every payment but at a decreasing rate.
does not change with every payment.

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