Consider that you are paying back a fully amortized loan. Which of the following statements is most correct?
A) Later loan payments involve larger amounts of principal repayment.
B) The actual loan payments vary from year to year.
C) After the last loan payment is made, there is still a large principal repayment remaining.
D) Early loan payments include smaller amounts of interest payments.
E) None of the above statements are true.
Answer: A
Business
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