Question

a(n) ______ shows you the schedule of payments on a loan and the total interest and payments at the end of the loan.
(1 point)

payoff table
amortization table
payment table
interest table

Explanation:

An amortization table is specifically designed to outline the payment schedule for a loan, breaking down each payment into principal and interest portions, and also tracks the total interest paid and remaining balance until the loan is fully repaid. A payoff table typically focuses on final lump-sum payoff amounts, a payment table only lists payment amounts without interest breakdown, and an interest table only shows interest calculations without full payment schedules.

Answer:

B. amortization table