Modified Multiple Choice An amortization schedule shows the ____ of a loan, and the amount of payment that applies to the principal and interest for each year over the life of the loan.
A) daily income
B) beginning balance
C) ending balance
D) daily cost

Question

Quizplus · Accepted Answer

An amortization schedule shows the beginning balance and ending balance of a loan, as well as the amount of payment that applies to the principal and interest for each year over the life of the loan. Daily income and daily cost are not relevant to an amortization schedule.

Modified Multiple Choice an Amortization Schedule Shows the ____ of a Loan