Assume you work for a lending institution and one of your regular customers has approached you to borrow $200,000 to purchase a fleet of trucks for her company. Explain
What it means to amortize a loan. What tools would you use to amortize a loan? Why is a mortization beneficial to the lender? Why is it beneficial to the borrower?
Explain what it means to amortize a loan.
Describe the tools you would use to amortize a loan.
Discuss why amortization is beneficial to the lender.
Discuss why amortization is beneficial to the