Designed to increase your financial literacy, the slide deck describes how loan amortization works.
In the assignment, you will be asked to generate a loan amortization schedule using our interactive application. As you manipulate the input parameters, note how a loan repayment schedule is impacted by factors such as the interest rate and the loan’s term. A dynamically changing amortization table will highlight these variable adjustments.
Select the Slide Deck for background information and assignment instructions. Then use the Link to Platform to try the exercise yourself. Your instructor may have additional guidance regarding the use of this Teaching Tool.