Question

The schedule showing how monthly mortgage payments are split into principal and interest is called a(n) Multiple Choice growing equity schedule. balloon payment schedule. securitization schedule. amortization schedule. graduated payment schedule.

Answer 1

Answer:

amortization schedule

Step-by-step explanation:

According to my research on financial accounting, I can say that based on the information provided within the question the term being described in this situation is called an amortization schedule. Like mentioned in the question this is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term.

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