An amortization schedule shows:
A)Balance of interest outstanding
B)The increase to principal
C)Increase in loan outstanding
D)Portion of payment broken down to interest and principal
E)None of these

Question

Quizplus · Accepted Answer

An amortization schedule shows the portion of each payment that goes towards interest and principal, as well as the remaining balance of the loan after each payment. It does not show the increase in loan outstanding or balance of interest outstanding, as these can be calculated using the other information in the schedule.

An Amortization Schedule Shows