Question

A(n) _____ shows you the schedule of payments on a loan and the total interest and payments at the end of the loan. A. payment table B. amortization table C. payoff table D. interest table

Answer 1

Explanation:

The correct answer is B. amortization table. An amortization table shows you the schedule of payments on a loan, breaking down each payment into the principal and interest components, and it also provides information about the total interest paid and the remaining loan balance at the end of each payment period.