Scribd Logo
Upload

Welcome to Scribd!

  • Loan Amortization Schedule, $100,000 at 6% For 5 Years: Amount of Loan 100000 Interest Rate 6% Year 5 PMT 23739.64

    Uploaded by

    nasir mamun
    33 views2 pages
    This loan amortization schedule shows the repayment of a $100,000 loan over 5 years with 6% interest in monthly payments of $2,373.96. Each year the monthly payment stays the same but a greater portion goes to pay down the principal, reducing the remaining balance until the loan is paid off by the end of the 5th year.

    Original Description:

    Original Title

    Loan Amortization

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This loan amortization schedule shows the repayment of a $100,000 loan over 5 years with 6% interest in monthly payments of $2,373.96. Each year the monthly payment stays the same but a greater portion goes to pay down the principal, reducing the remaining balance until the loan is paid off by the end of the 5th year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    33 views2 pages

    Loan Amortization Schedule, $100,000 at 6% For 5 Years: Amount of Loan 100000 Interest Rate 6% Year 5 PMT 23739.64

    Uploaded by

    nasir mamun
    This loan amortization schedule shows the repayment of a $100,000 loan over 5 years with 6% interest in monthly payments of $2,373.96. Each year the monthly payment stays the same but a greater portion goes to pay down the principal, reducing the remaining balance until the loan is paid off by the end of the 5th year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Loan Amortization Schedule, $100,000 at 6% for 5 Years

    Amount of Loan 100000


    Interest Rate 6%
    Year 5
    PMT 23739.64

    Year Beginning Amount Principal Interest Total


    1 100000.00 17739.64 6000.00 23739.64
    2 82260.36 18804.02 4935.62 23739.64
    3 63456.34 19932.26 3807.38 23739.64
    4 43524.08 21128.20 2611.44 23739.64
    5 22395.89 22395.89 1343.75 23739.64
    at 6% for 5 Years

    Ending Balance
    82260.36
    63456.34
    43524.08
    22395.89
    0.00

    You might also like