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How to Amortize a Loan: Revision history

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21 March 2023

  • curprev 15:4215:42, 21 March 2023 Lukegao1 talk contribs 1,830 bytes +1,830 创建页面，内容为“ Amortization is the process of paying off a loan over a specific period of time with regular, fixed payments. The payments consist of both principal and interest, and are calculated so that the loan is completely paid off by the end of the term. Here are the steps to amortize a loan: 1. Determine the loan amount: The loan amount is the amount of money borrowed. 2. Determine the interest rate: The interest rate is the cost of borrowing the money, usually ex…”
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