A(n)____ shows the beginning and ending balances and the amount of payment that is applied to the principal and interest during each payment period.
A) dialog box
B) amortization schedule
C) formula checker
D) data table

Question

Quizplus · Accepted Answer

An amortization schedule is a table that shows the breakdown of each payment made on a loan, including the beginning and ending balance, the amount of payment applied to principal and interest, and the total interest paid over the life of the loan. Dialog boxes, formula checkers, and data tables are not specific to loan calculations.

A(n)____ Shows the Beginning and Ending Balances and the Amount