How to Amortize a Loan?

Answer If you plan to purchase a home or car soon, you will most likely need to take out a loan. If this is the first time you have taken out a loan, you may wonder how to amortize a loan. Amortization is... Read More »

Top Q&A For: How to Amortize a Loan

How do I amortize a loan?

Monthly PaymentThe first step in amortization is calculating the monthly payment. This is found by dividing the interest rate (I) by 12 (or number of payments per year) for the monthly interest rat... Read More »

How to Amortize a Home Loan?

Unlike credit cards, which have minimum payment amounts that vary based on the amount owed, home loans are amortized, meaning that you pay equal monthly payments that will finish paying off the loa... Read More »

How to Amortize a Note?

A note is the document that serves as a contract between a borrower and a lender. The note lists a term in which the loan must be paid off. The period of time between the contract date and the matu... Read More »

How to Amortize Assets?

A company's assets include those that are non-physical in nature called intangible assets. These include patents, copyrights, and intellectual property. In accounting, intangible assets decrease in... Read More »