What Is the Purpose of a Loan Amortization Table

Multiple Choice

What is the purpose of a loan amortization table?

A) To apply straight-line amortization to the loan.
B) To apply declining-balance amortization to the loan.
C) To show the breakdown of each loan payment into its interest and principal components.
D) To keep track of the balance of the loan outstanding if they do not record the loan on their books.