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Why is amortization beneficial to the lender

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Question - 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 amortization beneficial to the lender?

Why is it beneficial to the borrower?

Reference no: EM132996835

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