An amortization calculator is a tool that allows you to calculate how much money you are paying on your loan and at what rate this amount decreases over time. The amortization table Is used to figure out payments, interest, balances, and total payments. The loan calculator adds, subtracts, and divides numbers in the amortization schedule table. It also has buttons that allow you to move the amount of time forward or backward in one-month increments.

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