Question 26 When a loan is amortized, it means: Answer a. The principal is never repaid, only interest b. The principal and interest are paid off by the borrower over the life of the loan c. The borrower is in default d. The interest is due entirely at the maturity date

Question 26
When a loan is amortized, it means:
Answer
a. The principal is never repaid, only interest
b. The principal and interest are paid off by the borrower over the life of the loan
c. The borrower is in default
d. The interest is due entirely at the maturity date

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