Updated over 16 years ago on . Most recent reply
Finance question? How do you come up with the amoritization
I have a home im gonna owner finance 10% down payment of $5000 and 10% interest rate for 10 years. The purchase price is $50,000. Is there a schedule to figure interest daily,monthly, etc do you amortize over 10 yrs or 30 yrs? can anyone help
Thanks
Bryan