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The amount of interest you owe decreases every month because the outstanding balance (principal) is less. O True False

The amount of interest you owe decreases every month because the outstanding balance (principal) is less. O True False
asked 25.9k views
4 votes
The amount of interest you owe decreases every month because the outstanding balance (principal) is less.

O True
False

asked
User Sean Reyes
by
7.4k points

1 Answer

6 votes
False. Im pretty sure it is false
answered
User Atlante Avila
by
8.8k points
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