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?
The final product will be a paper that is 1-2 double-spaced, APA formatted pages, a reference list should also be included on a new page after the body of your paper.
Explain what it means to amortize a loan.
Describe the tools you would use to amortize a loan.
Discuss why amortization is beneficial to the lender.
Discuss why amortization is beneficial to the borrower.
Please see the rubric on the next page for specific information about grading details.
