Refer to the Above Diagram

question 79

Multiple Choice

Refer to the above diagram.The slope of the line:

• A)is -¹/₄.
• B)is +¹/₄.
• C)is .40.
• D)cannot be determined from the information given.

---

Definitions:

Amortized

The process of spreading out a loan or debt into a series of fixed payments over time, gradually reducing the balance.

Mortgage Payment

Regular payments made towards a mortgage loan, typically including both interest and principal.

Net Balance

The amount remaining in an account after all deductions are made, including potential expenses or charges.

Finance Charge

The total cost of borrowing, including interest and any other charges assessed by the creditor.