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Amortization table helps calculate principal and interest payments. Amortization spreads loan amount over fixed monthly payments. Fully amortized loan pays off both principal and interest. Partially amortized loan pays off only a portion with a balloon payment at the end. Interest only loan pays interest with balloon payment for principal. Table used to calculate PI of fully amortized loan. Factors remain constant and are provided at state exam. No need to memorize them. Factors in table represent different payment scenarios.