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Math

Answered

What is the essence of using mathematical tables in computing for loan amortization?

Sagot :

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Answer:

An amortization table lists all of the scheduled payments on a loan as determined by a loan amortization calculator. The table calculates how much of each monthly payment goes to the principal and interest based on the total loan amount, interest rate and loan term.

Step-by-step explanation:

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Answer:

Because

Step-by-step explanation:

An amortization table lists all of the scheduled payments on a loan as determined by a loan amortization calculator. The table calculates how much of each monthly payment goes to the principal and interest based on the total loan amount, interest rate and loan term

Answer Link

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