Borrowing Money (Amortization)

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Borrowing Money (Amortization)
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Borrowing Money (Amortization)
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Summary

• Amortization borrowing money over a period of
  time
• Most interest is collected up front (and tapers
  down towards the end of the loan)
• The sooner you pay off the loan, the less
  interest you pay
• On a 30 year home loan, you may pay twice as much
  in interest as the amount you borrowed. This is
  shocking.