. Kevin wants to know what portion of a 30-year, fully amortized loan would be paid off by the fourth year of the loan’s life. Kevin would consult A. an amortization table. B. a loan balance table. C....

. Kevin wants to know what portion of a 30-year, fully amortized loan would be paid off by the fourth year of the loan’s life. Kevin would consult

A. an amortization table.

B. a loan balance table.

C. a partial amortization table.

D. a loan-to-value ratio.

. By the tenth year of an 11½ percent 30-year amortization period, how much of the principal balance will have been repaid under a monthly amortization of equal installments? Use Table 11.2 in the text.

A. One-half.

B. One-third.

C. Two-thirds.

D. None of the above.