Amortization is used in two different ways. First, it may be used when paying off debt. A lot of borrowers could be put on an amortization plan wherever they will pay back a loan with typical payments so that the amount they owe goes down with Each individual payment. Verify https://financial-literacy-classe33210.like-blogs.com/27662421/what-does-financial-literacy-games-for-high-school-students-mean