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Amortization Schedule: Loan Repayment | Basic Intro | PV, PMT, BAL, PRN, INT
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This video explains the basic components of the Amortization Schedule using the following example:
A $8,000 loan borrowed at 7.5% compounded annually is repaid by equal annual payments over 4 years.
A $8,000 loan borrowed at 7.5% compounded annually is repaid by equal annual payments over 4 years.
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