The pink color in the above visual image is from __________.
Definitions:
Amortized
Relates to spreading payments over multiple periods to gradually eliminate a liability or loan, incorporating both principal and interest components.
Compounded Semiannually
The calculation of interest where the interest earned over a period is added to the principal, and the process is repeated twice a year.
Gross Debt Service Ratio
A financial ratio that compares an individual's monthly housing costs (including mortgage payments, property taxes, and utilities) to their gross monthly income, used by lenders to assess borrowing capacity.
Gross Monthly Income
The total amount of income earned in a month before taxes and deductions.
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