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February 16, 2006
Loan Amortization
An "amortization schedule," in general, is a record of loan or mortgage payments. This record includes the payment number, date, amount, breakdown of principal and interest, and the remaining balance owed after the payment. An amortizing loan's periodic repayments contain an amount designated for the reduction of the principal, so that the balance will eventually be reduced to zero. The time necessary for the balance to reach zero is calculated in an amortization
From Loan Amortization
Posted by Stephen at February 16, 2006 09:08 AM
