Amort', $\text{'}$on

Question: Which of the following best describes an amortized loan?

A$)$ A loan where the principal balance increases over time

B$)$ A loan where the borrower pays only interest until the final payment

C$)$ A loan that is repaid in equal periodic pay ants, including both principal and interest

D$)$ A loan that is paid off in one lump sum at we end of the term