Assume you work for a lending institution and one of your regular customers has

approached you to borrow $200,000 to purchase a fleet of trucks for her company. Explain

what it means to amortize a loan. What tools would you use to amortize a loan? Why is

a mortization beneficial to the lender? Why is it beneficial to the borrower?

Explain what it means to amortize a

loan.

Describe the tools you would use to amortize a

loan.

Discuss why amortization is beneficial to the

lender.

Discuss why amortization is beneficial to the

borrower.