Answer:
is the spreading payments over multiple periods.
Explanation:
The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.
The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.
Formula
FormulaAmortization calculator
[tex]a = p \frac{i(1 + i) {}^{n} }{(1 + i) {}^{n} - 1 } [/tex]
A = periodic payment amount
A = periodic payment amountP = amount of principal, net of initial payments
A = periodic payment amountP = amount of principal, net of initial paymentsi = periodic interest rate
A = periodic payment amountP = amount of principal, net of initial paymentsi = periodic interest raten = total number of payments
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