![An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,48 is made, An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,48 is made,](https://homework.study.com/cimages/multimages/16/25-year_loan4649992254596612284.jpg)
An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,48 is made,
Federal Student Aid on X: "👋 Hey, class of 2021! We know you may have questions about your student loans and the current payment suspension and 0% interest rate period during #COVID19.
![Your feedback helped us update our Payback Playbook prototype | Consumer Financial Protection Bureau Your feedback helped us update our Payback Playbook prototype | Consumer Financial Protection Bureau](https://files.consumerfinance.gov/f/images/Payback-Playbook-Disclosure_1_graphic.original.png)