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Questions and AnswersMon, 24 Jun 2024 19:11:39 +0000Enhourly1https://www.qaspirit.com/https://www.qaspirit.com/public/upl_files/1918eccadajpegQASpirit | RSS Feed for question (Can you tell me how to calculate amortization?)
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Question: : Can you tell me how to calculate amortization?
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https://www.qaspirit.com/question/can-you-tell-me-how-to-calculate-amortizationWed, 17 Feb 2021 14:52:20 +0000Generalbettyadams8765446@gmail.com (Betty Adams)https://www.qaspirit.com/question/can-you-tell-me-how-to-calculate-amortizationAnswer for: Can you tell me how to calculate amortization?
https://www.qaspirit.com/question/can-you-tell-me-how-to-calculate-amortization#answer-698
https://www.qaspirit.com/question/can-you-tell-me-how-to-calculate-amortization#answer-698Starting 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. Thu, 18 Feb 2021 08:59:05 +0000Generalbusinessupside2020@gmail.com (Business Upside)https://www.qaspirit.com/question/can-you-tell-me-how-to-calculate-amortization#answer-698