An Amortised Loan Is a Loan That Requires Equal Payments

question 89

True/False

An amortised loan is a loan that requires equal payments over its life; its payments include both interest and repayment of the debt.

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Definitions:

Heritable

Traits or characteristics that can be passed from parents to their offspring through genes.

Encouragement

The action of giving support, confidence, or hope to someone.

Socioeconomic Status

An individual or group's economic and social position in relation to others, based on income, education, and occupation.

Physical Size

The dimensions or magnitude of an object or person's body, typically measured in terms of height, weight, or volume.