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  • Amortization Table: Directions: Fill in The Green Cells With Your Information

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    jhanarendra
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    This amortization table shows the monthly payments, interest, principal, and remaining balance over 12 months for a loan of $5,000 at 14% interest. The borrower's monthly payment is $448.94. Each month, part of the payment goes toward interest and part reduces the remaining principal. By the 12th month, the full $5,000 principal will be paid off.

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    This amortization table shows the monthly payments, interest, principal, and remaining balance over 12 months for a loan of $5,000 at 14% interest. The borrower's monthly payment is $448.94. Each month, part of the payment goes toward interest and part reduces the remaining principal. By the 12th month, the full $5,000 principal will be paid off.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    Download as xls, pdf, or txt
    2 views1 page

    Amortization Table: Directions: Fill in The Green Cells With Your Information

    Uploaded by

    jhanarendra
    This amortization table shows the monthly payments, interest, principal, and remaining balance over 12 months for a loan of $5,000 at 14% interest. The borrower's monthly payment is $448.94. Each month, part of the payment goes toward interest and part reduces the remaining principal. By the 12th month, the full $5,000 principal will be paid off.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 1

    Amortization table

    Directions: Fill in the green cells with your information.


    This table is only for a 12 period amortization.
    Interest rate
    Present value

    Month
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    14%
    5000

    Total
    Starting
    Monthly
    Balance
    Payment
    5000
    $448.94
    $4,609.40
    $448.94
    $4,214.24
    $448.94
    $3,814.47
    $448.94
    $3,410.04
    $448.94
    $3,000.88
    $448.94
    $2,586.96
    $448.94
    $2,168.20
    $448.94
    $1,744.56
    $448.94
    $1,315.98
    $448.94
    $882.40
    $448.94
    $443.76
    $448.94

    Interest
    Principal
    Monthly
    Monthly
    Payment Payment
    58.33333 $390.60
    $53.78
    $395.16
    $49.17
    $399.77
    $44.50
    $404.43
    $39.78
    $409.15
    $35.01
    $413.93
    $30.18
    $418.75
    $25.30
    $423.64
    $20.35
    $428.58
    $15.35
    $433.58
    $10.29
    $438.64
    $5.18
    $443.76

    Ending
    Balance
    $4,609.40
    $4,214.24
    $3,814.47
    $3,410.04
    $3,000.88
    $2,586.96
    $2,168.20
    $1,744.56
    $1,315.98
    $882.40
    $443.76
    $0.00

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