Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives.

For example, a four-year car loan would have 48 payments (four years × 12 months). Loan Amortization Schedule vs. Loan Term Though related, loan amortization schedule and loan term are not the same.

Reviewed by David Kindness Fact checked by Vikki Velasquez In 2013, the U.S. Bureau of Economic Analysis announced a change ...

Estimate your monthly loan repayments, interest rate, and payoff date Amortization is an accounting term that describes the change in value of intangible assets or financial instruments over time.