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    Amortization Schedule Period PMT Int Prin Extra Prin Balance

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    umamaheshwarans
    This document is an amortization schedule for a $25,000 loan with 5 payments at 15% annual interest. It shows that over the 5 months: - The monthly payment is $5,189.05 - Each payment reduces the principal balance and the interest amount decreases each month as less principal is outstanding - By the 5th payment, the full $25,000 principal has been paid off

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    Amortization Schedule Period PMT Int Prin Extra Prin Balance

    Uploaded by

    umamaheshwarans
    9 views17 pages
    This document is an amortization schedule for a $25,000 loan with 5 payments at 15% annual interest. It shows that over the 5 months: - The monthly payment is $5,189.05 - Each payment reduces the principal balance and the interest amount decreases each month as less principal is outstanding - By the 5th payment, the full $25,000 principal has been paid off

    Original Description:

    Loan Calculator

    Original Title

    Loan Amortization

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    This document is an amortization schedule for a $25,000 loan with 5 payments at 15% annual interest. It shows that over the 5 months: - The monthly payment is $5,189.05 - Each payment reduces the principal balance and the interest amount decreases each month as less principal is outstanding - By the 5th payment, the full $25,000 principal has been paid off

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    9 views17 pages

    Amortization Schedule Period PMT Int Prin Extra Prin Balance

    Uploaded by

    umamaheshwarans
    This document is an amortization schedule for a $25,000 loan with 5 payments at 15% annual interest. It shows that over the 5 months: - The monthly payment is $5,189.05 - Each payment reduces the principal balance and the interest amount decreases each month as less principal is outstanding - By the 5th payment, the full $25,000 principal has been paid off

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 17

    Prepared by Timothy R.

    Mayes 02/06/2017 Page 1

    Number of Payments 5
    Annual Interest Rate 15.00%
    Payment $5,189.05
    Amortization Schedule
    Period Pmt Int Prin Extra Prin Balance
    0 $ 25,000.00
    1 $ 5,189.05 $ 312.50 $ 4,876.55 $ 20,123.45
    2 $ 5,189.05 $ 251.54 $ 4,937.51 $ - $ 15,185.94
    3 $ 5,189.05 $ 189.82 $ 4,999.23 $ 10,186.71
    4 $ 5,189.05 $ 127.33 $ 5,061.72 $ 5,124.99
    5 $ 5,124.99 $ 64.06 $ 5,060.93 $ - $ -
    $ -

    $ -
    $ -
    $ -
    $ -
    Month Interest Principal Balance

    Ou ts tan d in g Balan ce
    0 0 0 $ 25,000
    1 313 4877 $ 20,123
    2 252 4938 $ 15,186
    3 190 4999 $ 10,187 Loan Amortization
    4 127 5062 $ 5,125
    5 64 5061 $ - $30,000
    $25,000
    $20,000
    $15,000
    $10,000
    $5,000
    $-

    Months

    Loan Amortization: % Intere st & Principal

    100%
    90%
    80%
    70% Principal
    60%
    50%
    40%
    30%
    20% Interest
    10%
    0%

    Months
    rtization

    Months

    ntere st & Principal

    Principal

    Months

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