Finance Exam 2 Loan Amortization Questions And Correct Detailed Answers.
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Course
AMORTIZATION
Institution
AMORTIZATION
loan amortization - correct answer occurs when a borrower pays back the principal over the life of the loan
amortized loans are repaid in: - correct answer equal periodic payments (annual, monthly...)
to amortize a loan...
to amortize a loan, you must know... - correct answer total amount of the loan,
term of the loan, frequency of periodic payments, interest rate
loan amortization schedule - correct answer used to determine loan amortization
payments and the allocation of each payment to interest and principal
when loan amortization is most frequently used: - correct answer calculating auto
loan and home mortgage payments
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