Types of Term Loan Payment Schedules
Don Hofstrand ( May, 2013 )
Summary
Many loans are repaid by using a series of payments over a period of time. These payments usually include an interest amount computed on the unpaid balance of the loan plus a portion of the unpaid balance of the loan. This payment of a portion of the unpaid balance of the loan is called a payment of principal.
Details
| Organization | Ag Decision Maker |
| Publisher | Iowa State University |
| Publication Date | May, 2013 |
| Publication Views | 735 |
| Material Type | Written Material |