Amortization is a way of paying off a debt by spreading payments
over a period of time that are applied to both the loan's
principal amount and the interest accrued. We can determine the
amount of loan payments once we know the frequency of payments,
the interest rate, and the tenure. An amortized loan payment
first pays off the relevant interest expense for the period,
after which the remainder of the payment is put toward reducing
the principal amount.
Learn how to build an amortization dashboard with financial and
conditional formulas with Wagons Training Program. In this
course, we'll be looking at the key financial formulas that can
be used to investigate loans, like student loans, car loans, and
mortgages.
Click on the link below to register 👇
https://wagonseducation.com/
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