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What is the purpose of an amortization schedule in a promissory note? Group of answer choices To list the property's legal description and boundary measurements.

What is the purpose of an amortization schedule in a promissory note?

Group of answer choices

To list the property's legal description and boundary measurements.

To specify the legal actions that can be taken if the borrower defaults.

To detail the borrower's credit history and financial status.

To outline the sequence and amount of payments for paying off the loan.

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