amort+5+year

amort+5+year - 2,774.10 297.22 2,476.87 - FIXED PRINCIPLE...

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AMORTIZATION EXAMPLES Amount Financed $10,000 Interest 12% per year Term 5 years Payment $2,774.10 FIXED PAYMENT AMORTIZATION Beginning Ending Month Balance Payment Interest Principle Balance 1 10,000.00 2,774.10 1,200.00 1,574.10 8,425.90 2 8,425.90 2,774.10 1,011.11 1,762.99 6,662.91 3 6,662.91 2,774.10 799.55 1,974.55 4,688.37 4 4,688.37 2,774.10 562.60 2,211.49 2,476.87 5 2,476.87
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Unformatted text preview: 2,774.10 297.22 2,476.87 - FIXED PRINCIPLE AMORTIZATION Beginning Ending Month Balance Interest Principle Payment Balance 1 10,000.00 1,200.00 2,000.00 3,200.00 8,000.00 2 8,000.00 960.00 2,000.00 2,960.00 6,000.00 3 6,000.00 720.00 2,000.00 2,720.00 4,000.00 4 4,000.00 480.00 2,000.00 2,480.00 2,000.00 5 2,000.00 240.00 2,000.00 2,240.00 -...
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