The schedule that discloses the monthly payment that you will make, based on a specific mortgage amount, a fixed interest rate level, and maturity is called a(n)
A) depreciation schedule.
B) payment table.
C) amortization table.
D) obligation schedule.

Question

Quizplus · Accepted Answer

An amortization table provides the detailed schedule of monthly payments for a loan, showing both the principal and the interest that comprise each payment until the loan is paid off at the end of its term.

The Schedule That Discloses the Monthly Payment That You Will