Even though it can technically be viewed as amortizing, this is normally generally known as the depreciation cost of the asset amortized about its predicted life time. For more info about or to accomplish calculations involving depreciation, be sure to take a look at the Depreciation Calculator.
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(Note: Interest fee isn't the same as yearly percentage rate, or APR. The latter consists of any other fees you would possibly pay out to acquire out the loan.)
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