This document summarizes the amortization of a 450,000DH loan over 20 years at an annual interest rate of 6%. It shows the monthly payment breakdown, including principal paid (amortization), interest accrued, and total monthly payment. The tables demonstrate how the principal balance decreases over time while the cumulative interest and amortization increase with each monthly payment.
This document summarizes the amortization of a 450,000DH loan over 20 years at an annual interest rate of 6%. It shows the monthly payment breakdown, including principal paid (amortization), interest accrued, and total monthly payment. The tables demonstrate how the principal balance decreases over time while the cumulative interest and amortization increase with each monthly payment.
This document summarizes the amortization of a 450,000DH loan over 20 years at an annual interest rate of 6%. It shows the monthly payment breakdown, including principal paid (amortization), interest accrued, and total monthly payment. The tables demonstrate how the principal balance decreases over time while the cumulative interest and amortization increase with each monthly payment.