A Loan Amortization Program

Authors

Gerald Hoag

Publication

Publication Details

Volume: 3 Issue: 1

Date

January/February 1983

Pages

30-31
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This program calculates monthly payments and generates an amortization schedule on consumer loans or home mortgages. The payment tells the user how much of a monthly commitment he is making, and the amortization schedule how much of the payment is being applied to interest and how much to reduce the balance on the loan.

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