Amortizing Loans as a Percentage
OK, so kind of a newbie questions here..
The way I've previously looked at amortization has been on a yearly basis. For example, a loan has a 5 year term, but amortizing over a 30 year period.
A few days ago, I was asked by a European professional to size a loan that has a 2% annual amortization, which made me confused, as I've never encountered that before. Can someone please help me understand the difference between the two methods?
Greatly appreciated!
Et eaque aut harum odio quia quas. Minus quos amet est ad error eveniet amet.
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