Loans

Buy now pay later is a flexible financing option that allows...

• You pay everything up front.

• Pay multiple installments.

• Pay half now pay half later.

• Keep the item and never pay for it.

An amortization payment is made up of what two parts.

• Percent and interest.

• Payment amount and principal

• Interest and payment amount.

• Interest and principal.

Amortization is the paying off of debt with a _____ repayment schedule in regular installments over a period of time

• Fixed

• Variable

• Differentiated

• Fluctuating

The money originally invested or loaned, on which basis interest and returns are calculated is the

• Principal

• Payment Amout

If you have an amortized loan, your monthly payment will be.....

• Always different

• Sometimes the same

• Always the same

• Never the same