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What is Mortgage Amortization Calculator about?

This document provides a loan calculator worksheet that allows the user to enter loan details like the loan amount, interest rate, and loan term to calculate loan payments and total interest paid. It shows sample calculations for a $3.5 million loan over 20 years at 8.5% interest, with monthly payments of $30,373.81. The worksheet calculates the breakdown of each payment between principal and interest, as well as the amortization schedule and declining balance over the full loan term.

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