Question: Question 2 6 1 pts What does the term amortization schedule refer to in the context of a loan? A record of penalty charges in
Question
pts
What does the term "amortization schedule" refer to in the context of a loan?
A record of penalty charges in case of late payments on a loan.
A list of investment returns expected at regular intervals.
A table showing the variable interest rates applied during the loan period.
A document showing the detailed allocation of each payment toward principal and interest over the life of the loan.
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