A mortgage loan is an example of an amortizing loan


A mortgage loan is an example of an amortizing loan. "Amortizing" means that part of the monthly payment is used to pay interest on the loan and part is used to reduce the amount of the loan.

Solution Preview :

Prepared by a verified Expert
Finance Basics: A mortgage loan is an example of an amortizing loan
Reference No:- TGS01593037

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)