This type of amortization is common for most mortgages, auto loans and typical loans. Over the life of the loan, payments remain constant (equal installments) while the principal portion increases and the interest portion decreases.
This type of amortization is an alternative type of payment structure. Over the life of the loan, payments decrease (decreasing installments), the principal portion remains constant and the interest portion decreases.
CD Calculator (Certificate of Deposit)
Convert among popular world currencies using daily updated rates
Calculate inflation and change in buying power based on the Consumer Price Index (CPI)
Calculate the percent change from one number to another,
from V1 to V2, or
Percentage change = ((V2 - V1) / |V1|) * 100
Calculate the percent difference for two numbers,
V1 and V2, or
Percentage difference = ( | V1 - V2 | / ((V1 + V2)/2) ) * 100
Simple Interest Calculator (Interest Only) I = Prt
Simple Interest Calculator (Principal + Interest) A = P(1 + rt)