Ammortization Schedule

Borrowed 25000
Years 5
Interest 8%
Periodic Payment/ A 6261.41136417091

Beg of Year
End of Year Loan Payment (1) Principal (2) Payments
Interest [(0.08)*(2)](3)
1 6261.41 25000 2000
2 6261.41 20738.59 1659.08709086633
3 6261.41 16136.26 1290.90114900196
4 6261.41 11165.75 893.260331788444
5 6261.41 5797.60 463.808249197847
 End of Year principal
Payments [(2)-(4)](5) Mo
Principal [(1)-(3)](4) 22000
4261.41 20738.59 20000
4602.32 16136.26 18000
16000
4970.51 11165.75
14000
5368.15 5797.60 12000
5797.60 0.00 10000
8000
6000
4000
2000
0
1 2

T
 Mortgage Repayment
22000
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
1 2 3 4 5

Time End of Year Principal