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related to: auto loan finance amortization

2. ### Amortization calculator - Wikipedia

en.wikipedia.org/wiki/Amortization_calculator

An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage ), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

3. ### Amortization schedule - Wikipedia

en.wikipedia.org/wiki/Amortization_schedule

An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage ), as generated by an amortization calculator. [1] Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. [2] A portion of each payment is for interest while the ...

4. ### Rule of 78s - Wikipedia

en.wikipedia.org/wiki/Rule_of_78s

The denominator of a Rule of 78s loan is the sum of the integers between 1 and n, inclusive, where n is the number of payments. For a twelve-month loan, the sum of numbers from 1 to 12 is 78 (1 + 2 + 3 + . . . +12 = 78). For a 24-month loan, the denominator is 300. The sum of the numbers from 1 to n is given by the equation n * (n+1) / 2.

5. ### Amortizing loan - Wikipedia

en.wikipedia.org/wiki/Amortizing_loan

Amortizing loan. In banking and finance, an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan (that is, amortized) according to an amortization schedule, typically through equal payments. Similarly, an amortizing bond is a bond that repays part of the principal ( face value) along with the coupon ...

6. ### Loan - Wikipedia

en.wikipedia.org/wiki/Loan

In finance, a loan is the transfer of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money ...

7. ### Is Refinancing an Auto Loan Worth It? - AOL.com

www.aol.com/refinancing-auto-loan-worth...

For example, the credit bureau Experian generalizes that you could finance your new auto at a 3.99% APR over 60 months if you have a good credit score. But with a poor one, you could pay 15.99% ...