{"id":870,"date":"2021-08-06T06:58:17","date_gmt":"2021-08-06T06:58:17","guid":{"rendered":"https:\/\/m365contenthub.wpengine.com\/?p=870"},"modified":"2024-08-27T05:33:50","modified_gmt":"2024-08-27T05:33:50","slug":"what-is-amortization","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-amortization","title":{"rendered":"What Is Amortization? How to Calculate it\u2014and How to Use It"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-8\">\n<p class=\"c-paragraph-3\">If you have loans, you\u2019ve likely been told about amortization. Maybe your loan officer showed you an amortization schedule before you signed your loan documents, columns that listed payment amounts and how each payment would be applied to your loan\u2019s principal and accrued interest. But what is amortization, and why is it important to understand how it works?<\/p>\n<\/p><\/div>\n<div class=\"full-bleed-image\">\n        <picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_WhatIsAmortization.jpg\" media=\"(min-width:767px) and (max-width:1600px)\" \/><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/788x442_WhatIsAmortization.jpg\" media=\"(min-width:540px) and (max-width:767px)\" \/><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_WhatIsAmortization.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_WhatIsAmortization.jpg\" alt=\"Amortization schedule with calculator.\" \/>\n    <\/picture>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learn what amortization is, types of amortization, and how to make an amortization schedule chart in Excel with tips from Microsoft 365.<\/p>\n","protected":false},"author":3,"featured_media":1632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Amortization? - Microsoft 365<\/title>\n<meta name=\"description\" content=\"Learn what amortization is, types of amortization, and how to make an amortization schedule chart in Excel with tips from Microsoft 365.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What Is Amortization? - Microsoft 365\" \/>\n<meta name=\"twitter:description\" content=\"Learn what amortization is, types of amortization, and how to make an amortization schedule chart in Excel with tips from Microsoft 365.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2021\/09\/800x550_WhatIsAmortization.jpg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is Amortization? - Microsoft 365","description":"Learn what amortization is, types of amortization, and how to make an amortization schedule chart in Excel with tips from Microsoft 365.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"twitter_card":"summary_large_image","twitter_title":"What Is Amortization? - Microsoft 365","twitter_description":"Learn what amortization is, types of amortization, and how to make an amortization schedule chart in Excel with tips from Microsoft 365.","twitter_image":"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2021\/09\/800x550_WhatIsAmortization.jpg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-amortization","url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-amortization","name":"What Is Amortization? - Microsoft 365","isPartOf":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#website"},"datePublished":"2021-08-06T06:58:17+00:00","dateModified":"2024-08-27T05:33:50+00:00","author":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/65119ffe3f097b06054495882e2c2b78"},"description":"Learn what amortization is, types of amortization, and how to make an amortization schedule chart in Excel with tips from Microsoft 365.","breadcrumb":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-amortization#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-amortization"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-amortization#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Microsoft 365 Life Hacks","item":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks"},{"@type":"ListItem","position":2,"name":"Budgeting","item":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting"},{"@type":"ListItem","position":3,"name":"What Is Amortization? How to Calculate it\u2014and How to Use It"}]},{"@type":"WebSite","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#website","url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/","name":"Everyday Life Hacks","description":"Just another Everday Hacks Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/65119ffe3f097b06054495882e2c2b78","name":"Radhika Kundanagurthi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a340dd036f333a31911325ed2899870bd7b794b4eec233e6cdbb652721dd52b8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a340dd036f333a31911325ed2899870bd7b794b4eec233e6cdbb652721dd52b8?s=96&d=mm&r=g","caption":"Radhika Kundanagurthi"},"url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/author\/v-radhikakmicrosoft-com"}]}},"_links":{"self":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/posts\/870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/comments?post=870"}],"version-history":[{"count":0,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/posts\/870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/media\/1632"}],"wp:attachment":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/media?parent=870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/categories?post=870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/tags?post=870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}