Question

The schedule that discloses the monthly payment that you will make, based on a specific mortgage amount, a fixed interest rate level, and maturity is called a(n)

A) depreciation schedule.
B) payment table.
C) amortization table.
D) obligation schedule.

Answer 1

An amortization table discloses the monthly payment for a mortgage based on specific factors.

Step-by-step explanation:

The schedule that discloses the monthly payment that you will make, based on a specific mortgage amount, a fixed interest rate level, and maturity is called a(n) amortization table.