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(Solved): Question 14 (0.2 points) The remaining balance on an amortized loan is paid down evenly over the lif ...



Question 14 (0.2 points) The remaining balance on an amortized loan is paid down evenly over the life of the loan. For example, if you borrow

$20,000

today on a 60 -month amortized loan then your remaining balance reduces by

20,(000)/(60)=$333.33

each month. True False



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