8/23/2023 0 Comments Amortization schedule for excelWhen the loan amount is repaid by parts over a certain amount of time, the loan is called an amortized loan.Ī borrower will typically be interested in knowing how much he will have to pay periodically if he takes up a loan of a certain amount over a certain period of time. At the same time, the lender will expect to receive interests from the borrower as a reward of undertaking the risk to lend out the money. When a lender like a bank extends a loan to a borrower, provisions will be made for the borrower to repay the loan amount some time in the future or in parts periodically.
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