Amortization -- strange word? If so, then perhaps you haven't gone to bank yet to secure a loan, whether for a car or for a house. Amortization is what you pay the bank monthly for a fixed period. It is calculated based on the amount you borrow, the interest rate and the length of time you agree to repay the entire loan.
The last thing you would want to do is to leave all the computation to the bank. A sage's advise would be for you to know your numbers first before even thinking of signing on the dotted line. With Excel you can easily do that.
