Why is it important that businesses provide an amortization for any large loan?
A. It includes every possible expense associated with a loan
B. The business can use it to adjust the payments if necessary.
C. Large loan have very difficult legal requirements than small loans.
D. It includes much of the information lenders are legally obligated to provide.
B. The business can use it to adjust the payments if necessary.
Providing an amortization schedule for a large loan allows businesses to see the breakdown of how much of each payment goes towards principal and interest, and how much is remaining on the loan at any given time. This information can help the business budget and plan for future payments, as well as make adjustments if necessary. It provides transparency and clarity on the repayment process, which is important for financial planning and management.