Mode Multiple Choice Question What is an amortization schedule? Multiple choice question. An amortization schedule is a legal document which shows the amount borrowed, fees incurred, and interest charges. An amortization consists of three columns, total payment, interest paid, and principal paid. An amortization schedule shows the interest and principal portions of each payment, as well as the loan balance after each payment. An amortization schedule is a list limited to showing the amount of principal that is due on a loan at any point in time