Gradual pay off a loan principle ?
Correct answer: C. Amortization
- A. Autarchy
- B. Hierarchically
- C. Amortization
- D. AID
Explanation
Amortization is the gradual repayment of a loan's principal, usually through scheduled instalments that also include interest. Autarchy means economic self-sufficiency, while aid is assistance rather than repayment.
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