A loan amortization table is a schedule that calculates the interest per payment period, principal repayment for each payment, and remaining balance after each payment is made.

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A loan amortization table is designed to break down each payment period, typically monthly, and calculate the amount of interest and principal included in each payment. It also shows how much of the loan's balance remains after each payment is made. This helps borrowers understand how much of their payment is going towards interest and how much is actually reducing the balance of the loan.

A Loan Amortization Table Is a Schedule That Calculates the Interest