Question
A mortgage loan is an example of an amortizing loan. Amortizing means that part of the monthly payment is used to pay interest on the
A mortgage loan is an example of an amortizing loan. "Amortizing" means that part of the monthly payment is used to pay interest on the loan and part is used to reduce the amount of the loan.
True or False
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
