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Can you tell me how to calculate amortization?   


Betty Adams
@[email protected] · Posted 17 Feb. 2021


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@Business.Upside · Posted 18 Feb. 2021

Starting in month one, take the total amount of the loan and multiply it by the interest rate on the loan. Then for a loan with monthly repayments, divide the result by 12 to get your monthly interest. Subtract the interest from the total monthly payment, and the remaining amount is what goes toward principal.


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