What is a loan amortization schedule

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What is a loan amortization schedule?  How would you use it to determine your loan interest rate? In which months is most of the interest paid?  Why? What is the percentage difference of interest paid with a 30-yr. loan vs. a 15-yr. loan as a percentage of the 15-yr. loan interest amount?  What factors would affect your choice between two loans?  Would making payments two weeks early each month make much difference in the total amount paid?

Reference no: EM132064708

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