help with question please

User Generated

ZfCbbu

Business Finance

Question Description

 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.

no ch

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Explanation & Answer

increases with every payment and completely repays the loan with the last payment.

zovguru (648)
Boston College

Anonymous
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