Answered

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1. The payment made each period on an amortized loan is constant, and it consists of some interest and some principal.
a. True
b. False

2. The closer we are to the beginning of the loan's life, the greater the percentage of the payment that will be a repayment of principal.
a. True
b. False

Sagot :

ogorwyne

Answer:

True

true

Explanation:

for  both of these questions the answers are true. the loan repayment is made up of the prncipal and the interest. This is due to the fact that as the amout of the loan outstanding gets to be repaid, the remaining principal balance would be decreased too and the interest that is associated will also be decreased too with time. The payment principal amount is going to be bigger while the interest would be smaller.

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