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    it is calculated, as it will affect the amount of money you are borrowing immensely. There are a number of ways that interest rates are calculated, but most banks calculate the interest according to what is known as a loan amortization table.

    Amortization is a fancy word that basically describes the number of years it will take to repay the loan completely, with interest.

    There are three types of loan amortization tables that are used most frequently, including:

    • Equal Capital – In this type of amortization table, the calculation system will disp

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