Loan Amortization Schedule
The schedule according to which one repays a loan. The loan amortization schedule shows the amount of each installment and how much principal and/or interest is repaid each month. See also: Amortization.
amortization schedule
A report that usually shows the principal and interest allocation of each monthly payment during the first year,the total principal and interest paid in each subsequent year, and the total interest that will be paid over the life of a loan. Download a template for creating loan amortization reports by going to the Microsoft Excel Web site at http://office.microsoft.com/en-us/templates.
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