Which One of the Following Statements Is True About Amortisation

question 69

Multiple Choice

Which one of the following statements is true about amortisation?

• A) With an amortised loan, a bigger proportion of each month's payment goes toward interest in the early periods.
• B) With an amortised loan, a bigger proportion of each month's payment goes toward interest in the later periods.
• C) With an amortised loan, a smaller proportion of each month's payment goes toward interest in the early periods.
• D) None of the above.

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