An amortization table shows the interest rate for each payment.

Name: An amortization table shows the interest rate for each payment.
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An amortization table shows the breakdown of each payment into principal and interest, not the interest rate for each payment. The interest rate itself typically remains constant throughout the term of a fixed-rate loan, although the dollar amount allocated to interest versus principal changes over time.

An Amortization Table Shows the Interest Rate for Each Payment