arianahudson2 arianahudson2
  • 20-03-2020
  • Mathematics
contestada

What does it mean to amortize a loan?

A. Extend a loan.
B. Stop paying on the loan.
C. Refinance a loan.
D. Bring a loan to an end.

Respuesta :

Larrysammz
Larrysammz Larrysammz
  • 20-03-2020

Answer:

D. Bring a loan to an end.

Step-by-step explanation:

An amortized loan is a loan with scheduled payment plan which covers both the principal and interest, the interest expense for the period is paid first before the remainder of the payment reduces the principal. It is a way of brining a loan to an end.

Answer Link
littlexwing2005
littlexwing2005 littlexwing2005
  • 12-02-2021

Answer:

D.

Step-by-step explanation:

Bring a loan to an end

Answer Link

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