For a long time amortization calculation used to be done using a pen paper and calculator but things are now changing. N 30 years 12 monthsyear 360 months. Help With Your Math Homework.
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Amortization refers to how loan payments are applied to certain types of loans. A is the amount of payment for each period. If his 150000 loan is for 10 years calculate his interest rate. R is the rate of interest.