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    Exam 4: The Time Value of Money Part 2
  5. Question
    The Last Interest Payment on a 12-Year,6%,$138,000,fully-Amortized Loan with Annual
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The Last Interest Payment on a 12-Year,6%,$138,000,fully-Amortized Loan with Annual

Question 22

Question 22

True/False

The last interest payment on a 12-year,6%,$138,000,fully-amortized loan with annual payments will be less than the first interest payment.

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