Amortization tables work best with lump-sum loans with fixed interest rates. They also work best with loans that get paid down gradually over time, and your payment is the same dollar amount each ...

When a small business takes out a loan, it will have to pay the loan back. The payments on the loan each month will be equal, however the amount of principal paid on the loan and the amount of ...

Have you ever wondered how your mortgage company calculates what portion of your monthly payment should go to paying off the interest and how much should be applied toward the loan principal? The ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

Depreciation spreads the cost of tangible assets over their useful life on income statements. Each year, $1,500 is recorded as a depreciation expense, reducing the asset's book value. Amortization and ...