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

The document contains sample amortization schedules for loans with different amounts, terms, and interest rates. It shows the monthly payments, total interest paid over the life of each loan, yearly loan balances, interest paid and principal paid. For a $10,000 loan over 5 years at 10% interest, the monthly payment is $212.47 and total interest paid is $2,748.23. For a $15,000 loan over 5 years at 25% interest, the monthly payment is $440.27 and total interest paid is $11,416.19.

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Sherri Bonquin
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32 views

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

The document contains sample amortization schedules for loans with different amounts, terms, and interest rates. It shows the monthly payments, total interest paid over the life of each loan, yearly loan balances, interest paid and principal paid. For a $10,000 loan over 5 years at 10% interest, the monthly payment is $212.47 and total interest paid is $2,748.23. For a $15,000 loan over 5 years at 25% interest, the monthly payment is $440.27 and total interest paid is $11,416.19.

Uploaded by

Sherri Bonquin
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

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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%
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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


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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%
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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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