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Years Beginning Balance PMT

This document contains two loan amortization schedules showing the declining balances over 5 years for loans with different interest rates. The first loan has a principal of $30,000 at 8% interest and makes annual payments of $7,513.69, fully paying off the loan in 5 years. The second loan has a higher principal of $50,000 at a lower 3% interest rate and makes larger annual payments of $10,917.73, also fully paying off in 5 years. The schedules track the interest and principal portions of each payment and the remaining balance each year.

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Dillon Simbulan Murphy
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34 views2 pages

Years Beginning Balance PMT

This document contains two loan amortization schedules showing the declining balances over 5 years for loans with different interest rates. The first loan has a principal of $30,000 at 8% interest and makes annual payments of $7,513.69, fully paying off the loan in 5 years. The second loan has a higher principal of $50,000 at a lower 3% interest rate and makes larger annual payments of $10,917.73, also fully paying off in 5 years. The schedules track the interest and principal portions of each payment and the remaining balance each year.

Uploaded by

Dillon Simbulan Murphy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Principal $ 30,000.

00 $ 50,000
Periods 5 5
Interest Rate 8% 3%
PMT $7,513.69 $10,917.73

Years Beginning Balance PMT


1 $ 30,000.00 $7,513.69
2 $ 24,886.31 $7,513.69
3 $ 19,363.52 $7,513.69
4 $ 13,398.90 $7,513.69
5 $ 6,957.12 $7,513.69

Years Beginning Balance PMT


1 $ 50,000.00 $10,917.73
2 $ 40,582.27 $10,917.73
3 $ 30,882.01 $10,917.73
4 $ 20,890.74 $10,917.73
5 $ 10,599.74 $10,917.73
Interest Payment Principal Payment Ending Balance
$ 2,400.00 $5,113.69 $ 24,886.31
$ 1,990.90 $5,522.79 $ 19,363.52
$ 1,549.08 $5,964.61 $ 13,398.90
$ 1,071.91 $6,441.78 $ 6,957.12
$ 556.57 $6,957.12 $ -
$ 7,568.47 $30,000.00

Interest Payment Principal Payment Ending Balance


$ 1,500.00 $9,417.73 $ 40,582.27
$ 1,217.47 $9,700.26 $ 30,882.01
$ 926.46 $9,991.27 $ 20,890.74
$ 626.72 $10,291.01 $ 10,599.74
$ 317.99 $10,599.74 $ -

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