The reduction of principal each month is equal to the payment amount plus one month's interest.

rolpace88

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8 years ago

The reduction of principal each month is equal to the payment amount plus one month's interest.

The reduction of principal each month is equal to the payment amount plus one month's interest.
A) True
B) False

Textbook

Business Math

Edition: 10^th

Authors: Cleaves, Hobbs, Noble

Read 305 times

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Million

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rolpace88 Author

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8 years ago

Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.

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Million

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8 years ago

You're welcome. All I ask in return is a thumbs up!

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