In a Loan Repayment Schedule,the Term Amortized Refers to

question 14

Multiple Choice

In a loan repayment schedule,the term amortized refers to

• A)the method by which interest is calculated.
• B)the repayment of the principal through a series of equal payments.
• C)the life of the loan.
• D)assets used to back the loan.

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Definitions:

Ego

A component of Sigmund Freud's psychoanalytic theory, representing the realistic part of the psyche that mediates between desires and moral constraints.

Self

Pertaining to the individual person, often in reference to one's own thoughts, feelings, or actions.

Mind

The element of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.