In installment loans,the loan's ________ schedule typically coincides with the length of the equipment's usable life.

Question

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In installment loans, the loan's amortization schedule typically coincides with the length of the equipment's usable life. Amortization allows the borrower to make equal payments over the course of the loan, ensuring that the debt will be paid off by the end of the equipment's useful life. This is different from interest, which is the amount charged by the lender for borrowing the money, or taxes and evaluation, which are unrelated to the loan repayment schedule.

In Installment Loans,the Loan's ________ Schedule Typically Coincides with the Length