Q333
A schedule which shows interest constitutes reduced principal and unpaid balance is considered as
A.
repaid schedule
B.
depreciated schedule
C.
amortization schedule
AnswerD.
appreciated schedule
Answer: Option C
Solution
Answer: Option C
Solution:
A schedule which shows interest constitutes reduced principal and unpaid balance is considered as amortization schedule. An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term.