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About: Amortization calculator     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:PsychologicalFeature100023100, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatBasicFinancialConceptsyago:Abstraction100002137yago:Cognition100023271yago:Concept105835747yago:Content105809192yago:Idea105833840yago:PsychologicalFeature100023100 New Facet based on Instances of this Class

An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.