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YouTubeHelpful Professor Explains!
Amortization: Definition and Examples (In 3 Minutes)
Amortization is when you pay off a debt over time with regular payments. Part of each payment goes to the interest and part goes to reducing the amount you owe. It's like having a plan to slowly pay off what you borrowed, bit by bit, until it's all paid off. P.S I'm a real person but I used AI voice to do the voiceover - he's far more eloquent ...
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