FEATURED TOP LISTS Follow us on twitter
AppAdvice AppAdvice/TV WatchAware

An amortizing loan is a loan where the principal of the loan is paid down over the life of the loan (that is, amortized) according to an amortization schedule, typically through equal payments

Quick Loan Amortization Calc

by Natividad Temple

What is it about?

An amortizing loan is a loan where the principal of the loan is paid down over the life of the loan (that is, amortized) according to an amortization schedule, typically through equal payments.

App Details

Version
1.0
Rating
NA
Size
15Mb
Genre
Utilities Finance
Last updated
August 8, 2019
Release date
August 8, 2019
More info

App Store Description

An amortizing loan is a loan where the principal of the loan is paid down over the life of the loan (that is, amortized) according to an amortization schedule, typically through equal payments.

Each payment to the lender will consist of a portion of interest and a portion of principal. Mortgage loans are typically amortizing loans. The calculations for an amortizing loan are those of an annuity using the time value of money formulas, and can be done using an amortization calculator.

An amortizing loan should be contrasted with a bullet loan, where a large portion of the loan will be paid at the final maturity date instead of being paid down gradually over the loan's life.

Share your reviews/suggestion to Email Address of us to improve the application more and better.


We need your support and suggestion to improve the application.

Disclaimer:
AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to takedown@appadvice.com and your information will be removed.