Video 08 - Amortization of Loans: Fixed Payment

Описание к видео Video 08 - Amortization of Loans: Fixed Payment

What are fixed payment amortized loans, and how are they different from fixed principal amortized loans? Using an Excel walk-through of an amortization schedule, we determine how much of the fixed payment is put towards paying off the principal, and how much is put towards interest.

Note that rounding at intermediate steps may cause the numbers you calculate to differ slightly from those in the spreadsheet, such as the monthly payment at 6:38.

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