In a loan repayment schedule, the term amortized refers to

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The term amortized in a loan repayment schedule refers to the repayment of all of the principal through a series of equal payments. This means that each payment includes both principal and interest, with a portion of the payment going towards reducing the outstanding principal balance. Over time, the principal balance is gradually reduced until it is fully paid off by the end of the loan term.

In a Loan Repayment Schedule, the Term Amortized Refers to