Amortization
Accounting
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In accounting, amortization is a method of obtaining the expenses incurred by an intangible asset arising from a decline in value as a result of use or the passage of time. Amortisation is the acquisition cost minus the residual value of an asset,... Wikipedia
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What is amortization in simple terms?
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What is amortization vs depreciation?
A mortgage amortization schedule is a table that lists each monthly payment from the time you start repaying the loan until the loan matures, or is paid off.
Amortization is an accounting technique used to periodically lower the book value of a loan or an intangible asset over a set period of time.
This amortization calculator returns monthly payment amounts as well as displays a schedule, graph, and pie chart breakdown of an amortized loan.