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Loan payments: Understand interest and principal

Loan payments: Understand interest and principal: Finance and Accounting Tips Weekly
Loan payments: Understand interest and principal: Finance and Accounting Tips Weekly

Learn how to compute the amount of a loan payment, including the interest and the amount that’s applied to reduce the principal. All you need to know is your current outstanding balance, the length of time since your last payment, and the interest rate at which you borrowed the money.

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Skill Level Beginner
3h 39m
Duration
101,346
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Skills covered in this course
Business Accounting Business Skills Finance

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