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Which one of the following statements is TRUE about amortisation? a. With an amortised loan, each loan payment contains some payment of principal and an

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Which one of the following statements is TRUE about amortisation? a. With an amortised loan, each loan payment contains some payment of principal and an interest payment. O b. All of these answers are true. O c. A loan amortisation schedule is just a table that shows the loan balance at the beginning and end of each period, the payment made during that period, and how much of that payment represents interest and how much represents repayment of principal. O d. Amortisation refers to the way the borrowed amount (principal) is paid down over the life of the loan

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