what is loan amortization fee
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Generally speaking, when we talk about loan amortization, it refers to the gradual repayment of the borrowed capital, not an additional fee we pay to the bank. At each payment date (monthly installment), our payment is divided into two parts: the principal (amortization) and the inrerest.