Finance
An 'amortization schedule' shows borrowers:
AA. The property tax payment schedule
BB. How each monthly payment is divided between principal and interest over the loan term✓ Correct
CC. The lender's profit on the loan
DD. The schedule for property appraisals during the loan
Explanation
An amortization schedule shows the breakdown of each payment into principal and interest. Early payments are mostly interest; later payments are mostly principal. It also shows the remaining loan balance after each payment.
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