Which statements are correct? All statements are correct N a typical loan amortization schedule,...
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Accounting
Which statements are correct?
- All statements are correct
- N a typical loan amortization schedule, the dollar amount of principal repayment paid each period will decrease with each payment
- All statements are incorrect
- An ordinary annuity has a greater PV than an annuity due if they bot have the same periodic payments discount rate and time period
- As the term of a mortgage increases, holding interest rates and amortization period constant, the monthly payments will decrease
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