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For the first partial payment, interest runs from the:
AOrigination detail
BOrigination decree
COrigination date
DOrigination datum
Answer & Solution
Correct answer: C. Origination date
1. The clock starts when the loan is issued.
2. It stops on the day of the payment.
3. That start is the origination date.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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