What does it mean if a loan is amortized? What do the loan payments represent?

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 05:34 AM

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What does it mean if a loan is amortized? What do the loan payments represent?

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When a loan is amortized it means that the principal is repaid t...View the full answer

Personal Finance

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