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

TRUE

Business

You might also like to view...

The primary reason for international trade is a lack of natural resources in the developed nations.

a. true b. false

View
Business

Which of the following is the best example of a nondurable good?

A) a dishwasher B) a book shelf C) a freezer D) a newspaper E) a file cabinet

View
Business