Amortization Calculator

Principal and Interest Split

Amortization shows how each fixed payment is divided between interest and loan principal.

Formula: payment = P x r x (1+r)^n / ((1+r)^n - 1).

Understanding Amortization

1. What This Calculator Measures

Amortization shows how a loan balance is reduced over time through fixed payments.

2. How the Calculation Works

The calculator finds the fixed monthly payment, then simulates interest and principal portions month by month.

3. Formula or Rule Used

payment = P x r x (1+r)^n / ((1+r)^n - 1).

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