a fully amortized payment is split into which two components?\nthe principal and the interest\nthe interest…

a fully amortized payment is split into which two components?\nthe principal and the interest\nthe interest rate and the total interest\nthe principal and the payment\nthe loan term and the interest\nrewatch

a fully amortized payment is split into which two components?\nthe principal and the interest\nthe interest rate and the total interest\nthe principal and the payment\nthe loan term and the interest\nrewatch

Answer

Brief Explanations:

In a fully - amortized payment, the payment is divided into two parts. The principal is the original amount of the loan, and the interest is the cost of borrowing that principal. The interest rate is a factor used to calculate the interest, the total interest is the sum of all interest payments over the life of the loan, the payment is the overall amount made, and the loan term is the length of time for the loan. A fully - amortized payment is split into principal and interest components.

Answer:

The principal and the interest