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How does amortization of the principal balance affect the amount of interest expense recorded each succeeding year?
reduces the amount of interest expense each succeeding year
How many weeks in each month of the year 2013?
There are 4 weeks per month no matter what year it is . There are approximately 4 weeks in each month of the year in 2013. Some months have a different amount of days in them so one cannot precisely say how many there are.
Decreasing the number of times an investment is compounded in a year does not affect the dollar amount in the account?
False
Increasing the number of times an investment is compounded in a year does not affect the dollar amount in the account?
False
Where do you expect to experience the smallest variation in temperature from year to year and from month to month?
The equator sees the smallest variation in temperature from year to year and from month to month.
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