6.125% is the annual interest rate of a fully amortizing.
An amortising loan is a loan in banking and finance in which the principal of the loan is paid down throughout the life of the loan according to an amortisation plan, often through equal payments. Similarly, an amortising bond is one that repays a portion of the principal in addition to the coupon payments.
Amortization gives small businesses the benefit of having a consistent set payment amount that includes both interest and principal. An amortised loan spreads the principal along with the interest, resulting in a more manageable repayment plan.
To know more about amortizing follow the link:
https://brainly.com/question/10561878
#SPJ4
