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What is the most popular form of housing?
Principal Portion
The part of a loan payment that reduces the outstanding balance owed on the loan.
Compounded Monthly
Interest calculation method where interest is added to the principal on a monthly basis.
Amortization Schedule
A detailed table of periodic loan payments, breaking down the amounts going towards principal and interest over the life of the loan.
Total Interest
The overall amount of interest paid on a loan or earned on an investment over a specific period.
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