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Amortization involves spreading out a loan repayment into series of fixed payments over time. You’ll be paying off the loan’s interest and principal in different amounts each month, although your total payment remains equal each period. This most commonly happens with monthly loan payments, but amortization is an accounting term that can apply to other …
With an increasing temptation to make our life more comfortable and affordable there are lot of things that we adapt and one of them is borrowing a loan. Loan is becoming a requirement for everyone who want to own their house and fall short of enough funds.Even the self sufficient people of our society borrow …
In finance industry Amortization is referred in two ways. Both refers towards the regular payments for a period of time. In English, generally mortem means “to kill”. it wont be wrong if we say that amortization refers to killing off the loan. Amortization refers to the repayment of secured loans with a fixed repayment schedule …