What relationship exists between the calculation of the present value of an annuity and amortization of a loan How can you find the amount of interest paid each year under an amortized loan ...

An amortized loan is an annuity with a repayment of interest and principal in each payment You ar ...

What relationship exists between the calculation of the present value of an annuity and amortization of a

Question:

What relationship exists between the calculation of the present value of an and amortization of a loan? How can you find the amount of interest paid each year under an amortized loan?
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...