An amortization schedule for a business loan breaks down each payment, from the first to the last. The schedule clearly details the amount applied to the interest and principal from a single payment.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Boyle is an experienced financial professional with more than 10 years working with ...

Most homeowners pay their mortgage each month without even thinking about how much of that payment goes towards the principal versus the interest. We just accept that making our monthly mortgage ...