Amortization schedules and time to pay off | Loans and debt | Financial Literacy | Khan Academy

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https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:loans-and-debt/xa6995ea67a8e9fdd:debt/v/amortization-schedules-and-time-to-pay-off

For fixed-term loans, an amortization schedule shows how each payment is split between paying interest and reducing the principal. This helps you see how your loan balance goes down over time, influenced by the interest rate and loan length.

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