Amortization schedule
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Amortization schedule is a table that breaks down the periodic fixed payment of an installment loan into its principal and interest components.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Amortization schedule. A table that breaks down the periodic fixed payment of an installment loan into its principal and interest components.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
