3 years ago

What does it mean to amortize a loan?

Mathematics

1 answer:

Oksana_A [137]3 years ago

7 0

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.

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