loanbalancesanddetailsofindividualpayments幻灯片.pptVIP

Chapter 14 Loan Amortization: Mortgage; Amortization of a loan: the repayment of a loan by periodic payments that, with the possible excepting of the last payment, are equal in size. Blended payments: equal periodic payments combining principal with the interest that has accrued on the outstanding principal since the previous payment.;Amortization period: the total length of time to repay a loan with equal regular payments.;Size of payment required to reach a particular balance after a specified term ;Example 14.1a:;Solution:;B,;Calculating the principal balance;Prospective method;Retrospe