Match the following terms with their definitions.
-Amortization schedule
A)Breakdown of principal and interest
B)One-time up-front payment
C)Mortgage payments rise in later years
D)Loan
E)Not fixed
F)Can prevent foreclosures
G)26 payments per year

Question

Quizplus · Accepted Answer

An amortization schedule provides a breakdown of how loan payments are applied to the principal and interest over the life of the loan.

Match the Following Terms with Their Definitions