Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

In a typical loan amortization schedule, the total dollar amount of money paid each period : .

 

1) increases with each payment

 

2) decreases with each payment

 

3) remains constant with each payment

user-image
Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/03/22
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

2) decreases with each payment

As the interest decreases each period

Dhawal Thakkar
by Dhawal Thakkar , Senior Engineer Projects , TDK Corporation

3) Remains Constant with each payment.

Muhammad Ramzan Tufail  ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(3) is the Correct Ans.

 

Remains constant with each payment. 

 

Can be explain on demand,

Thank you...

Deleted user
by Deleted user

2) decreases with each payment

I will choose option (3) since it is the right answer.

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

Definitely will

3) remains constant with each payment

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

Agree with all ......................................

Deleted user
by Deleted user

AGreed to experts

Thank you

 

rohit mehra
by rohit mehra , Group GM - Finance and accounts , Sun and Sand Group

total amount of money paid remains constant whereas, in starting major portion of payment will be adjusted in interest and nearing completion of loan major portion of payment will be adjusted in principal. 

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

BEST ANSWER GIVEN BY NR. EMAD <<<<<<<<<<<<<<<<<<

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

3) remains constant with each payment

..................

More Questions Like This