When a small business takes out a loan, it will have to pay the loan back. The payments on the loan each month will be equal, however the amount of principal paid on the loan and the amount of ...

Microsoft Excel allows you to either create a spreadsheet from scratch with your own formulas or use a premade template provided by Microsoft. Microsoft has provided a template for loan amortization ...

Have you ever wondered how your mortgage company calculates what portion of your monthly payment should go to paying off the interest and how much should be applied toward the loan principal? The ...

Most mortgage payments include a portion that's applied to the principal and a portion that's applied to interest. It might seem mysterious, but it's easy to find out how your lender calculates these ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

Mortgage amortization describes the process of how the principal and interest on a home loan are repaid over time. When you first borrow a mortgage, more of your monthly payment goes toward interest ...