When a loan is amortized over a five-year term
When a loan is amortized over a five-year term, the
a. rate of interest is reduced each year
b. amount of interest paid is reduced each year
c. payment is reduced each year
d. balance is paid as a balloon payment in the fifth year
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friendlyrsquos quick loans inc offers you ldquoeight for ten or i knock on your doorrdquo this means you get 800 today
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