Finance
Amortization refers to:
AThe process of increasing property value over time
BThe gradual repayment of a loan through scheduled principal and interest payments✓ Correct
CThe depreciation of real property for tax purposes
DThe calculation of a property's net operating income
Explanation
Amortization is the process of repaying a loan through regular scheduled payments that include both principal and interest, gradually reducing the outstanding balance to zero.
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