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amortize - A node module to calculate the interest paid, principal paid, remaining balance, and monthly payment of a loan

  •    Javascript

A node module to calculate the interest paid, principal paid, remaining balance, and monthly payment of a loan. Amortization describes the process of gradual payment of the amount on your loan. For each of your monthly payments, a portion is applied towards the amount of the loan – the principal – and a portion of the payment is applied towards paying the finance charge – the interest.