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Author Question: The payoff of a debt over a period of time, usually in equal payments, with a portion of each ... (Read 49 times)

rl

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on: Aug 3, 2018
The payoff of a debt over a period of time, usually in equal payments, with a portion of each payment paying off interest and a portion paying off principal is called:
 
  a. Amortization
  b. Declining balance
  c. Equity balance
  d. Capital consolidation

Question 2

The amount of money paid by a borrower for the use of the borrowed funds:
 
  a. Interest
  b. Amortization
  c. Principal
  d. Equity


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ASDFGJLO

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Reply #1 on: Aug 3, 2018
Answer to Question 1

A

Answer to Question 2

A


rl

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Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

Kedrick2014

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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