Kiến thức vay thế chấp chungCâu 145 / 400
What is negative amortization?
a.The loan balance grows because payments don't cover the interest due
b.The loan is paid off early
c.Interest is waived
d.Principal is paid before interest
Giải thích
Negative amortization occurs when the scheduled payment is less than the interest owed, so the unpaid interest is added to the principal and the balance grows. It is the opposite of early payoff or waived interest.
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