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 homeowners pay their mortgage each month without even thinking about how much of that payment goes towards the principal versus the interest. We just accept that making our monthly mortgage ...

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 ...

Amortization is an accounting technique used to distribute asset value or loan principal over time. There are different techniques for calculating amortization and depreciation and there is guidance ...