Loan Amortization
Chapter Outline
This chapter explores loan amortization and mortgages, focusing on the financial calculator and formula calculation methods.
Calculator Approach
4.1 Loan Amortization – Calculator Approach: This section covers definitions, amortization schedules, and calculations involving interest, principal, and loan balances using financial calculators.
4.2 Mortgages – Calculator Approach: In this part, we delve into mortgage definitions, types, and the calculation of payments and term renewals using financial calculators.
Formula Approach
4.3 Loan Amortization – Formula Approach: Here, we examine loan amortization definitions, schedules, and calculations related to interest, principal, and loan balances using mathematical formulas.
4.4 Mortgages – Formula Approach: This section discusses mortgage definitions, types, and calculations for payments and term renewals using mathematical formulas.
