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The amortization screen produces a payment schedule and solves for any one of the four variables (amount of loan, number of months, interest rate or monthly payment amount) if the other three variables are known:

    Amount of Loan - The principal amount of the loan.

    Number of Months - Duration in months over which the loan is amortized.

    Annual Interest Rate - The percentage rate on the loan.

    Monthly Payment - How much is due each month when the loan is amortized.

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Last modified: 18 March 2007
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