Which of the following statements is true of amortization? a. Amortization schedule represents only the interest portion of the loan. b. The computation of loan amortization is wholly based on the...

Which of the following statements is true of amortization? a. Amortization schedule represents only the interest portion of the loan. b. The computation of loan amortization is wholly based on the computation of simple interest. c. With an amortized loan, a periodic payment of principal portion gradually decreases over a period. d. With an amortized loan, a larger proportion of each month's payment goes toward interest in the early periods.