The following table shows the first segment of a five-year amortization schedule. 5 Year Amortization Schedule
Loan Amount or Principal $ 12.575.00
Interest Rate on Loan
9.45%
Extra Payment to Principal
$
Month Payment Principal Interest Balance
1 $ 263.79$
164.76 $ 99.03 $ 12.410.24
2 $ 263.79$
166.06 $ 97.73 $ 12.244.18
31 $ 263.79$ 167.37$ 96.42 $ 12.076.81
4 $ 263.79$
168.69 $ 95.10 $ 11.908.12
5 $ 263.79$
170.01$ 93.78$ 11,738.11
$ 263.79 $
171.35 $ 92.44 $ 11.566.75
7 $ 263.79$ 172.70 $ 91.09$ 11.394.05
8 $ 263.79 $
174.06 $ 89.73 $ 1.219.99
9 $ 263.79$ 175.43 $ 88.36 $ 11,044.55
10 $ 263.79$
176.82 $ 86.98 $ 10.867.74
1115 263.79
178 21
58
10 con