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Sample Amortization Schedules: Loan Amount: - Term of The Loan: - Interest Rate

The document contains sample amortization schedules for loans of $10,000, $12,000, and $15,000 over 5 years at interest rates of 10% and 25%. The schedules show the loan balance, interest paid, principal paid, and total interest each year over the life of the loan. They also show the monthly loan payment and total interest paid for each loan scenario.

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26 views

Sample Amortization Schedules: Loan Amount: - Term of The Loan: - Interest Rate

The document contains sample amortization schedules for loans of $10,000, $12,000, and $15,000 over 5 years at interest rates of 10% and 25%. The schedules show the loan balance, interest paid, principal paid, and total interest each year over the life of the loan. They also show the monthly loan payment and total interest paid for each loan scenario.

Uploaded by

Rashidah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Sample Amortization Schedules

Loan Amount: $10,000 | Term of the Loan: 5 years | Interest Rate: 10%

Calculation Results:
Monthly loan payments: $212.47
Total interest paid over the life of the loan: $2,748.23
Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

8,377.32

926.96

1,622.68

926.96

2002

6,584.72

757.05

1,792.60

1,684.01

2003

4,604.42

569.34

1,980.31

2,253.35

2004

2,416.75

361.98

2,187.67

2,615.33

2005

0.00

132.90

2,416.75

2,748.23

Loan Amount: $10,000 | Term of the Loan: 5 years | Interest Rate: 25%

Calculation Results:
Monthly loan payments: $293.51
Total interest paid over the life of the loan: $7,610.79

Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

8,852.19

2,374.35

1,147.81

2,374.35

2002

7,382.16

2,052.12

1,470.04

4,426.47

2003

5,499.44

1,639.44

1,882.72

6,065.91

2004

3,088.18

1,110.90

2,411.26

7,176.81

2005

0.00

433.98

3,088.18

7,610.79

Sample Amortization Schedules

Loan Amount: $12,000 | Term of the Loan: 5 years | Interest Rate: 10%

Calculation Results:
Monthly loan payments: $254.96
Total interest paid over the life of the loan: $3,297.87
Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

10,052.78

1,112.36

1,947.22

1,112.36

2002

7,901.67

908.46

2,151.12

2,020.82

2003

5,525.30

683.21

2,376.37

2,704.02

2004

2,900.10

434.37

2,625.20

3,138.39

2005

0.00

159.48

2,900.10

3,297.87

Loan Amount: $12,000 | Term of the Loan: 5 years | Interest Rate: 25%

Calculation Results:
Monthly loan payments: $352.22
Total interest paid over the life of the loan: $9,132.95

Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

10,622.63

2,849.22

1,377.37

2,849.22

2002

8,858.59

2,462.55

1,764.04

5,311.77

2003

6,599.32

1,967.33

2,259.26

7,279.09

2004

3,705.81

1,333.08

2,893.51

8,612.17

2005

0.00

520.78

3,705.81

9,132.95

Sample Amortization Schedules

Loan Amount: $15,000 | Term of the Loan: 5 years | Interest Rate: 10%

Calculation Results:
Monthly loan payments: $318.71
Total interest paid over the life of the loan: $4.122.34
Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

12,565.98

1,390.45

2,434.02

1,390.45

2002

9,877.08

1,135.57

2,688.90

2,526.02

2003

6,906.62

854.01

2,970.46

3,380.03

2004

3,625.12

542.96

3,281.50

3,922.99

2005

0.00

199.35

3,625.12

4,122.34

Loan Amount: $15,000 | Term of the Loan: 5 years | Interest Rate: 25%

Calculation Results:
Monthly loan payments: $440.27
Total interest paid over the life of the loan: $11,416.19

Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

13,278.29

3,561.52

1,721.71

3,561.52

2002

11,073.23

3,078.19

2,205.05

6,639.71

2003

8,249.15

2,459.16

2,824.08

9,098.87

2004

4,632.26

1,666.35

3,616.89

10,765.22

2005

0.00

650.97

4,632.26

11,416.19

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