An amortization schedule provides a summary of the cash interest payments,interest expense,and changes in carrying value for each period.

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An amortization schedule is a table that shows the breakdown of each loan payment into principal and interest, the remaining balance of the loan after each payment, and the amount of interest paid each period. It is commonly used for mortgage loans, car loans, and other installment loans.

An Amortization Schedule Provides a Summary of the Cash Interest