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Author Question: In general, with an amortized loan, the payment amount remains constant over the life of the loan, ... (Read 228 times)

RODY.ELKHALIL

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on: Jul 10, 2018
In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion of each payment declines over the life of the loan.
 
  Indicate whether the statement is true or false

Question 2

In general, with an amortized loan, the payment amount remains constant over the life of the loan, both the principal portion of and the interest portion declines over the life of the loan.
 
  Indicate whether the statement is true or false


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Tonyam972

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Reply #1 on: Jul 10, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


RODY.ELKHALIL

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Excellent

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