Examlex
Which of the following statements is false?
Amortized
Refers to the process of paying off debt over time in regular installments of interest and principal sufficient to repay the loan in full by its maturity date.
Principal
The original amount of money loaned or invested, separate from the interest or earnings it accrues over time.
Future Value
The amount of money an investment is expected to grow to over a period of time, considering interest or returns.
Unequal Payments
Payments that vary in amount over a period, commonly seen in loan repayments or investment returns that do not have a fixed payment schedule.
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