Solved

Which ONE of the Following Statements Is True About Amortisation

Question 57

Multiple Choice

Which ONE of the following statements is true about amortisation?


A) Amortisation refers to the way the borrowed amount (principal) is paid down over the life of the loan.
B) With an amortised loan, each loan payment contains some payment of principal and an interest payment.
C) A loan amortisation schedule is just a table that shows the loan balance at the beginning and end of each period, the payment made during that period, and how much of that payment represents interest and how much represents repayment of principal.
D) All of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents