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Amortization is the practice of charging interest on a loan. process of gradually retiring a...

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Finance

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Amortization is the practice of charging interest on a loan. process of gradually retiring a debt by periodic payments. O compounding of interest. use of debt to enhance the rate of return. QUESTION 30 If two discount points are paid, what is the yield a mortgage of $100,000 at 3.5 percent paid over 30 years with monthly payments? 3.50 percent 3.66 percent 3.34 percent 3.76 percent QUESTION 31 How much interest is paid in the first two years on a loan of $35,000 amortized over 6 years with monthly payments of $528.50 at 2.79 $1,661 $907 $1,304 $1,979

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