How Do You Amortize a Loan? A loan is amortized by determining the monthly payment due over the term of the loan. Next, you prepare an amortization schedule that clearly identifies what portion of each month's payment is attributable towards interest and what portion of each month's payment ...
Using the future value formula listed below to find the indicated value. Find the PMT. FV = $3,308; n = 21; i = 0.05; PMT = ? PMT =$ ___ (Round to the nearest cent.) Project Cash Flow The formulas for discounted cash ...