Question 1

What is an amortization table?

Accepted Answer

It's a detailed breakdown of each loan payment, showing how much goes to principal, how much to interest, and the remaining balance month by month.

Question 2

What is the French amortization system?

Accepted Answer

It's the most common system where the monthly payment is fixed. Initially you pay more interest and less principal, and gradually the proportion reverses.

Question 3

How can I pay less interest?

Accepted Answer

You can make extra payments toward principal, reduce the loan term, or negotiate a lower interest rate.

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