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professor566

What is Amortization?

In real estate, amortization refers to the gradual repayment of a loan over a specified period. Borrowers make regular payments that include both principal and interest. Over the term of the loan, the payments be allocated to cover the total amount due making this a "self-liquidating" loan.


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Ezypro
Ezypro
10 dic 2024

Amortization is a financial process in which a debt is gradually paid off over time through regular payments that include both principal and interest.


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