Even though it can technically be considered amortizing, this is often referred to as the depreciation cost of an asset amortized in excess of its envisioned lifetime. For more information about or to try and do calculations involving depreciation, make sure you take a look at the Depreciation Calculator.
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Fascination is computed on The existing amount of money owed and so will turn into progressively scaled-down since the principal decreases. It is possible to see this in action over the amortization table.
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