Chapters 5 and 6. Which one of the following statements is FALSE regarding amortization? Amortization refers to the way the borrowed amount principal is paid down over the life of the loan With an amortized loan, each loan payment contains some payment of principal and an interest payment Aloan amortization schedule is just a table that shows the loan balance at the beginning and end of each period, the paymentade during that period, and how much of that payment represents interest and how much represes repayment of principal With an amortized loan a larger proportion of each month's payment goes toward interest expense