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12 cards from this deck
Spreading loan repayment over a specified period of time
Loan amortisation and asset amortisation
Original amount borrowed in a loan
Cost of borrowing money as a percentage
Applied periodically (monthly or annually)
Total number of payment periods
Regular payment that stays the same throughout loan term
Both principal repayment and interest
Detailed table showing payment breakdown into principal & interest
Outstanding loan amount after each payment
Larger portion of payment goes towards principal rather than interest
Fixed repayment amount needed to fully repay a loan
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