Finance
A Massachusetts mortgage 'amortization schedule' shows:
AThe history of interest rate changes
BThe breakdown of each payment between principal and interest over the loan's life✓ Correct
CThe property's depreciation schedule for tax purposes
DThe lender's profit margin on the loan
Explanation
An amortization schedule shows, for each payment period, how much goes to principal, how much to interest, and the remaining loan balance. Early payments are primarily interest; later payments are primarily principal.
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