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Amortized Loan Interest and Principal
An amortized loan is repaid in fixed periodic installments. Each payment includes interest (shown in purple) and principal (shown in blue). The interest component is the interest rate times the outstanding principal. It is largest at the beginning of the loan period and gets smaller as the outstanding principal declines.



"Amortized Loan Interest and Principal" from The Wolfram Demonstrations Project
 http://demonstrations.wolfram.com/AmortizedLoanInterestAndPrincipal/
Contributed by: Fiona Maclachlan
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