The payoff of a debt over a period of time, usually in equal payments, with a portion of each payment paying off interest and a portion paying off principal is called:
a. Amortization
b. Declining balance
c. Equity balance
d. Capital consolidation
A
Legal Studies & Paralegal
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Legal Studies & Paralegal
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Legal Studies & Paralegal
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Legal Studies & Paralegal
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Legal Studies & Paralegal