Scribd
Upload
27 views2 pages

Amortization Schedule

The document outlines a $12,000,000 loan with a 9% interest rate to be paid semi-annually over 20 payments. It provides an amortization schedule showing the breakdown of each payment between principal and interest as well as the remaining balance over the life of the loan. Each year consists of 2 payments and the schedule runs through the full repayment period, gradually reducing the outstanding principal balance to $0.

Uploaded by

Ana Camille Reyes
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
27 views2 pages

Amortization Schedule

The document outlines a $12,000,000 loan with a 9% interest rate to be paid semi-annually over 20 payments. It provides an amortization schedule showing the breakdown of each payment between principal and interest as well as the remaining balance over the life of the loan. Each year consists of 2 payments and the schedule runs through the full repayment period, gradually reducing the outstanding principal balance to $0.

Uploaded by

Ana Camille Reyes
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Amortization Schedule

Principal: $12,000,000.00
Interest Rate: 9.00%
Payment Interval: Semi-Annually
# of Payments: 20
Payment: $922,513.73

Schedule of Payments
Please allow for slight rounding differences.

Pmt #

Payment

Principal

Interest

Balance

922,513.73

382,513.73

540,000.00

11,617,486.27

922,513.73

399,726.85

522,786.88

11,217,759.42

782,240.58

1,062,786.88

Year 1
3

922,513.73

417,714.56

504,799.17

10,800,044.86

922,513.73

436,511.71

486,002.02

10,363,533.15

854,226.27

990,801.19

Year 2
5

922,513.73

456,154.74

466,358.99

9,907,378.41

922,513.73

476,681.70

445,832.03

9,430,696.71

932,836.44

912,191.02

Year 3
7

922,513.73

498,132.38

424,381.35

8,932,564.33

922,513.73

520,548.34

401,965.39

8,412,015.99

1,018,680.72

826,346.74

Year 4
9

922,513.73

543,973.01

378,540.72

7,868,042.98

10

922,513.73

568,451.80

354,061.93

7,299,591.18

1,112,424.81

732,602.65

Year 5
11

922,513.73

594,032.13

328,481.60

6,705,559.05

12

922,513.73

620,763.57

301,750.16

6,084,795.48

1,214,795.70

630,231.76

Year 6
13

922,513.73

648,697.93

273,815.80

5,436,097.55

14

922,513.73

677,889.34

244,624.39

4,758,208.21

1,326,587.27

518,440.19

Year 7
15

922,513.73

708,394.36

214,119.37

4,049,813.85

16

922,513.73

740,272.11

182,241.62

3,309,541.74

1,448,666.47

396,360.99

Year 8
17

922,513.73

773,584.35

148,929.38

2,535,957.39

18

922,513.73

808,395.65

114,118.08

1,727,561.74

1,581,980.00

263,047.46

844,773.45

77,740.28

Year 9
19

922,513.73

882,788.29

20
Year 10
Grand Total

922,513.76

882,788.29

39,725.47

1,727,561.74

117,465.75

12,000,000.00

6,450,274.63

0.00

You might also like