What Is the Purpose of a Loan Amortization Table

question 23

Multiple Choice

What is the purpose of a loan amortization table?

• A)To apply straight-line amortization to the loan.
• B)To apply declining-balance amortization to the loan.
• C)To show the breakdown of each loan payment into its interest and principal components.
• D)To keep track of the balance of the loan outstanding if they do not record the loan on their books.

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