Author Question: The payoff of a debt over a period of time, usually in equal payments, with a portion of each ... (Read 69 times)

rl · **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