Personal Finance, 4e (Madura)

14) In a loan repayment schedule, the term amortized refers to. A) the method by which interest is calculated. B) the repayment of the principal through a series of equal payments. C) the life of the loan. D) assets used to back the loan. Answer: B. Diff: 2 Page Ref: 226. Question Status: Existing/Old ................
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