Question

Can some one plz help me...Banks cannot provide amortization schedules to borrowers.

A) true
B) false,

Answer 1

The correct answer is:

False.

Step-by-step explanation:

When you take out a loan, banks provide all of the relevant information for the loan. This includes the interest rate, payment amount, and an amortization schedule, which shows the amount paid and the amount of principal this takes off of the loan every month for the life of the loan.

Answer 2

The answer is false. Banks do provide amortization schedule to their borrowers.