Question: An amortized loan: ( Ch 6 - LO 3 ) may have equal or increasing amounts applied to the principal from each loan payment. requires

An amortized loan:
(Ch 6-LO 3)
may have equal or increasing amounts applied to the principal from each loan payment.
requires that all payments be equal in amount and include both principal and interest
repays both the principal and the interest in one lump sum at the end of the loan term
requires the principal amount to be repaid in even increments over the life of the loan
requires that all interest be repaid on a monthly basis while the principal is repaid at the end of the loan term
An amortized loan: (Ch 6-LO 3) may have equal or increasing

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