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Which of the following statements is false regarding amortized loans? A. The partial repayment of principal in the loan payment increases over time. B. Common
Which of the following statements is false regarding amortized loans?
A. | The partial repayment of principal in the loan payment increases over time. | |
B. | Common amortized loans include car loans and fixed rate home mortgages.
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C. | Each loan payment in an amortized loan consists of interest on the outstanding balance and a partial repayment of principal. | |
D. | The size of the interest payment in the loan payments increases over time. |
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