I've always been curious how amortization is calculated. If you intend to take a personal loan or already have either a credit card, auto loan or student loan. You'd probably run into it online when ...
% amortize -P 150000 -n 36 -r 0.1 -s Number Amount Interest Principal Balance ----- ----- ----- ----- ----- 1 4,840.08 1,250.00 3,590.08 146,409.92 2 4,840.08 1,220. ...
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