2006-06-09 02:13:03 · 5 answers · asked by Sweetti 1 in Education & Reference ➔ Home Schooling
false. Amortization is the process of repayment of a loan with periodic payments of both principal and interest calculated to payoff the loan at the end of a fixed period of time. An amortization schedule is a schedule showing each payment, breaking down the payment into the amounts applied to the principal and interest.
2006-06-09 02:17:37 · answer #1 · answered by bigjimmyguy 4 · 0⤊ 0⤋
True but it includes the interest you are paying for the loan over a certain period of time.
2006-06-09 03:40:47 · answer #2 · answered by eugene65ca 6 · 0⤊ 0⤋
False.
It is the allocation of a lump sum amount to different time periods.
Hope this helps .
2006-06-09 06:10:59 · answer #3 · answered by Elaine814 5 · 0⤊ 0⤋
are you doing a school paper and your just tring to get answers
2006-06-09 06:01:00 · answer #4 · answered by luv2dance 1 · 0⤊ 0⤋
false.
why don't you find a dictionary of financial terms and learn them
2006-06-09 02:16:01 · answer #5 · answered by Black Fedora 6 · 0⤊ 0⤋