What is amortization?​

is the spreading payments over multiple periods.

Explanation:

The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.

The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.

Formula

FormulaAmortization calculator

A=periodic payment amount

A=periodic payment amountP=amount of principal, net of initial payments

A=periodic payment amountP=amount of principal, net of initial paymentsi=periodic interest rate

A=periodic payment amountP=amount of principal, net of initial paymentsi=periodic interest raten=total number of payments

if u need anything, just let me know

can u plz mark me a brainliest plz

it is a i took the test.