What is Amortization? Overview, Key Formulas, and Examples
As you can https://www.tvsubs.ru/subtitle-92517.html see, most of every $608 payment goes toward reducing the principal amount. And, by the final loan payment, almost the entire amount goes toward the principal. The principal and interest look completely different because Ellie paid most of the $6,498 in total interest for the loan — about 61% of the …
What is Amortization? Overview, Key Formulas, and Examples Leer más »