Annualdebt Service
Barron's Real Estate Dictionary:
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Annualdebt Service
Required annual principal and interest payments for a loan.
Example: A loan of $100,000 calls for 300 equal monthly payments to fully amortize the principal. Interest is 8% annually.
Monthly payments are $771.82.
Annual debt service is the sum of 12
monthly payments, or $9,261.84.
Example: A loan of $100,000 calls for 300 equal monthly payments to fully amortize the principal. Interest is 8% annually.
Monthly payments are $771.82.
Annual debt service is the sum of 12
monthly payments, or $9,261.84.
| Annualcap, Annual Percentage Rate (APR) | |
| Annuity, Annuity Factor |
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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