Question

What kind of information does an amortization loan schedule provide?

A. the variable interest rate

B. the increasing loan balance total

C. the balloon payment due date

D. how much of the monthly payment is applied to the interest

Answer 1

Is D.

Explanation: An amortization schedule provides you with details about your loan. You'll get a comprehensive picture of your loan beyond your monthly payment. You can track exactly how much of your payments are going toward principal versus interest and how much you'll be paying for interest in total.