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Amortization

- The document shows a loan amortization schedule over 72 payments. - It lists the opening balance, payment amount, principal payment, and interest payment for each period. - The principal balance declines each period as payments are made, while the interest payment amount decreases over time as less principal is outstanding.

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Minza Jahangir
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0% found this document useful (0 votes)
50 views12 pages

Amortization

- The document shows a loan amortization schedule over 72 payments. - It lists the opening balance, payment amount, principal payment, and interest payment for each period. - The principal balance declines each period as payments are made, while the interest payment amount decreases over time as less principal is outstanding.

Uploaded by

Minza Jahangir
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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Payment NBeginning Balance Payment Amount Principal Payment Interest Payment

1 30,000.00 $483.15 $358.15 $125.00


2 29,641.85 $477.38 $359.64 $123.51
3 29,282.21 $471.59 $361.14 $122.01
4 28,921.07 $465.77 $362.64 $120.50
5 28,558.43 $459.93 $364.15 $118.99
6 28,194.27 $454.07 $365.67 $117.48
7 27,828.60 $448.18 $367.20 $115.95
8 27,461.41 $442.26 $368.73 $114.42
9 27,092.68 $436.33 $370.26 $112.89
10 26,722.42 $430.36 $371.80 $111.34
11 26,350.62 $424.37 $373.35 $109.79
12 25,977.26 $418.36 $374.91 $108.24
13 25,602.35 $412.32 $376.47 $106.68
14 25,225.88 $406.26 $378.04 $105.11
15 24,847.84 $400.17 $379.62 $103.53
16 24,468.23 $394.06 $381.20 $101.95
17 24,087.03 $387.92 $382.79 $100.36
18 23,704.24 $381.76 $384.38 $98.77
19 23,319.86 $375.56 $385.98 $97.17
20 22,933.88 $369.35 $387.59 $95.56
21 22,546.29 $363.11 $389.21 $93.94
22 22,157.09 $356.84 $390.83 $92.32
23 21,766.26 $350.54 $392.46 $90.69
24 21,373.80 $344.22 $394.09 $89.06
25 20,979.71 $337.88 $395.73 $87.42
26 20,583.98 $331.50 $397.38 $85.77
27 20,186.60 $325.10 $399.04 $84.11
28 19,787.56 $318.68 $400.70 $82.45
29 19,386.86 $312.22 $402.37 $80.78
30 18,984.49 $305.74 $404.05 $79.10
31 18,580.45 $299.24 $405.73 $77.42
32 18,174.72 $292.70 $407.42 $75.73
33 17,767.30 $286.14 $409.12 $74.03
34 17,358.18 $279.55 $410.82 $72.33
35 16,947.36 $272.94 $412.53 $70.61
36 16,534.82 $266.29 $414.25 $68.90
37 16,120.57 $259.62 $415.98 $67.17
38 15,704.59 $252.92 $417.71 $65.44
39 15,286.88 $246.19 $419.45 $63.70
40 14,867.43 $239.44 $421.20 $61.95
41 14,446.23 $232.66 $422.96 $60.19
42 14,023.27 $225.84 $424.72 $58.43
43 13,598.55 $219.00 $426.49 $56.66
44 13,172.07 $212.14 $428.26 $54.88
45 12,743.80 $205.24 $430.05 $53.10
46 12,313.75 $198.31 $431.84 $51.31
47 11,881.91 $191.36 $433.64 $49.51
48 11,448.27 $184.37 $435.45 $47.70
49 11,012.83 $177.36 $437.26 $45.89
50 10,575.56 $170.32 $439.08 $44.06
51 10,136.48 $163.25 $440.91 $42.24
52 9,695.57 $156.15 $442.75 $40.40
53 9,252.82 $149.02 $444.59 $38.55
54 8,808.22 $141.86 $446.45 $36.70
55 8,361.78 $134.67 $448.31 $34.84
56 7,913.47 $127.45 $450.18 $32.97
57 7,463.30 $120.20 $452.05 $31.10
58 7,011.24 $112.92 $453.93 $29.21
59 6,557.31 $105.61 $455.83 $27.32
60 6,101.48 $98.26 $457.73 $25.42
61 5,643.76 $90.89 $459.63 $23.52
62 5,184.13 $83.49 $461.55 $21.60
63 4,722.58 $76.06 $463.47 $19.68
64 4,259.11 $68.59 $465.40 $17.75
65 3,793.71 $61.10 $467.34 $15.81
66 3,326.37 $53.57 $469.29 $13.86
67 2,857.08 $46.01 $471.24 $11.90
68 2,385.83 $38.42 $473.21 $9.94
69 1,912.63 $30.80 $475.18 $7.97
70 1,437.45 $23.15 $477.16 $5.99
71 960.29 $15.47 $479.15 $4.00
72 481.14 $7.75 $481.14 $2.00
Total 18501.2998034373 30000 4786.65454873402
Ending Balance
29,641.85
29,282.21
28,921.07
28,558.43
28,194.27
27,828.60
27,461.41
27,092.68
26,722.42
26,350.62
25,977.26
25,602.35
25,225.88
24,847.84
24,468.23
24,087.03
23,704.24
23,319.86
22,933.88
22,546.29
22,157.09
21,766.26
21,373.80
20,979.71
20,583.98
20,186.60
19,787.56
19,386.86
18,984.49
18,580.45
18,174.72
17,767.30
17,358.18
16,947.36
16,534.82
16,120.57
15,704.59
15,286.88
14,867.43
14,446.23
14,023.27
13,598.55
13,172.07
12,743.80
12,313.75
11,881.91
11,448.27
11,012.83
10,575.56
10,136.48
9,695.57
9,252.82
8,808.22
8,361.78
7,913.47
7,463.30
7,011.24
6,557.31
6,101.48
5,643.76
5,184.13
4,722.58
4,259.11
3,793.71
3,326.37
2,857.08
2,385.83
1,912.63
1,437.45
960.29
481.14
0.00
1118797.0916962
Payment NOpening Balance Payment Amount Principal Payment Interest Payment
1 30,000.00 $483.15 $358.15 $125.00
2 29,641.85 $477.38 $359.64 $123.51
3 29,282.21 $471.59 $361.14 $122.01
4 28,921.07 $465.77 $362.64 $120.50
5 28,558.43 $459.93 $364.15 $118.99
6 28,194.27 $454.07 $365.67 $117.48
7 27,828.60 $448.18 $367.20 $115.95
8 27,461.41 $442.26 $368.73 $114.42
9 27,092.68 $436.33 $370.26 $112.89
10 26,722.42 $430.36 $371.80 $111.34
11 26,350.62 $424.37 $373.35 $109.79
12 25,977.26 $418.36 $374.91 $108.24
13 25,602.35 $412.32 $2,376.47 $106.68
14 23,225.88 $374.05 $378.04 $105.11
15 22,847.84 $367.96 $379.62 $103.53
16 22,468.23 $361.85 $381.20 $101.95
17 22,087.03 $355.71 $382.79 $100.36
18 21,704.24 $349.55 $384.38 $98.77
19 21,319.86 $343.35 $385.98 $97.17
20 20,933.88 $337.14 $387.59 $95.56
21 20,546.29 $330.90 $389.21 $93.94
22 20,157.09 $324.63 $390.83 $92.32
23 19,766.26 $318.33 $392.46 $90.69
24 19,373.80 $312.01 $394.09 $89.06
25 18,979.71 $305.67 $395.73 $87.42
26 18,583.98 $299.29 $397.38 $85.77
27 18,186.60 $292.89 $399.04 $84.11
28 17,787.56 $286.47 $400.70 $82.45
29 17,386.86 $280.01 $402.37 $80.78
30 16,984.49 $273.53 $404.05 $79.10
31 16,580.45 $267.03 $405.73 $77.42
32 16,174.72 $260.49 $407.42 $75.73
33 15,767.30 $253.93 $409.12 $74.03
34 15,358.18 $247.34 $410.82 $72.33
35 14,947.36 $240.73 $412.53 $70.61
36 14,534.82 $234.08 $414.25 $68.90
37 14,120.57 $227.41 $415.98 $67.17
38 13,704.59 $220.71 $417.71 $65.44
39 13,286.88 $213.98 $419.45 $63.70
40 12,867.43 $207.23 $421.20 $61.95
41 12,446.23 $200.45 $422.96 $60.19
42 12,023.27 $193.63 $424.72 $58.43
43 11,598.55 $186.79 $426.49 $56.66
44 11,172.07 $179.93 $428.26 $54.88
45 10,743.80 $173.03 $430.05 $53.10
46 10,313.75 $166.10 $431.84 $51.31
47 9,881.91 $159.15 $433.64 $49.51
48 9,448.27 $152.16 $435.45 $47.70
49 9,012.83 $145.15 $437.26 $45.89
50 8,575.56 $138.11 $439.08 $44.06
51 8,136.48 $131.04 $440.91 $42.24
52 7,695.57 $123.94 $442.75 $40.40
53 7,252.82 $116.81 $444.59 $38.55
54 6,808.22 $109.65 $446.45 $36.70
55 6,361.78 $102.46 $448.31 $34.84
56 5,913.47 $95.24 $450.18 $32.97
57 5,463.30 $87.99 $452.05 $31.10
58 5,011.24 $80.71 $453.93 $29.21
59 4,557.31 $73.40 $455.83 $27.32
60 4,101.48 $66.05 $457.73 $25.42
61 3,643.76 $58.68 $459.63 $23.52
62 3,184.13 $51.28 $461.55 $21.60
63 2,722.58 $43.85 $463.47 $19.68
64 2,259.11 $36.38 $465.40 $17.75
65 1,793.71 $28.89 $467.34 $15.81
66 1,326.37 $21.36 $469.29 $13.86
67 857.08 $13.80 $471.24 $11.90
68 385.83 $6.21 $473.21 $9.94
69 -87.37 ($1.41) $475.18 $7.97
70 -562.55 ($9.06) $477.16 $5.99
71 -1,039.71 ($16.74) $479.15 $4.00
72 -1,518.86 ($24.46) $481.14 $2.00
Total 16600.9177493861 32000 4786.65454873402
Ending Balance
29,641.85
29,282.21
28,921.07
28,558.43
28,194.27
27,828.60
27,461.41
27,092.68
26,722.42
26,350.62
25,977.26
25,602.35
23,225.88
22,847.84
22,468.23
22,087.03
21,704.24
21,319.86
20,933.88
20,546.29
20,157.09
19,766.26
19,373.80
18,979.71
18,583.98
18,186.60
17,787.56
17,386.86
16,984.49
16,580.45
16,174.72
15,767.30
15,358.18
14,947.36
14,534.82
14,120.57
13,704.59
13,286.88
12,867.43
12,446.23
12,023.27
11,598.55
11,172.07
10,743.80
10,313.75
9,881.91
9,448.27
9,012.83
8,575.56
8,136.48
7,695.57
7,252.82
6,808.22
6,361.78
5,913.47
5,463.30
5,011.24
4,557.31
4,101.48
3,643.76
3,184.13
2,722.58
2,259.11
1,793.71
1,326.37
857.08
385.83
-87.37
-562.55
-1,039.71
-1,518.86
-2,000.00
998797.09169616
Payment NOpening Balance Payment Amount Principal Payment Interest Payment
1 30,000.00 $899.13 $774.13 $125.00
2 29,225.87 $875.93 $777.35 $121.77
3 28,448.52 $852.63 $780.59 $118.54
4 27,667.93 $829.23 $783.84 $115.28
5 26,884.09 $805.74 $787.11 $112.02
6 26,096.98 $782.15 $790.39 $108.74
7 25,306.59 $758.46 $793.68 $105.44
8 24,512.90 $734.67 $796.99 $102.14
9 23,715.91 $710.79 $800.31 $98.82
10 22,915.60 $686.80 $803.65 $95.48
11 22,111.96 $662.72 $806.99 $92.13
12 21,304.96 $638.53 $810.36 $88.77
13 20,494.61 $614.24 $813.73 $85.39
14 19,680.87 $589.85 $817.12 $82.00
15 18,863.75 $565.36 $820.53 $78.60
16 18,043.22 $540.77 $823.95 $75.18
17 17,219.28 $516.08 $827.38 $71.75
18 16,391.90 $491.28 $830.83 $68.30
19 15,561.07 $466.38 $834.29 $64.84
20 14,726.78 $441.37 $837.77 $61.36
21 13,889.02 $416.27 $841.26 $57.87
22 13,047.76 $391.05 $844.76 $54.37
23 12,203.00 $365.73 $848.28 $50.85
24 11,354.72 $340.31 $851.82 $47.31
25 10,502.90 $314.78 $855.36 $43.76
26 9,647.54 $289.15 $858.93 $40.20
27 8,788.61 $263.40 $862.51 $36.62
28 7,926.10 $237.55 $866.10 $33.03
29 7,060.00 $211.59 $869.71 $29.42
30 6,190.29 $185.53 $873.33 $25.79
31 5,316.95 $159.35 $876.97 $22.15
32 4,439.98 $133.07 $880.63 $18.50
33 3,559.35 $106.68 $884.30 $14.83
34 2,675.06 $80.17 $887.98 $11.15
35 1,787.08 $53.56 $891.68 $7.45
36 895.40 $26.84 $895.40 $3.73
Total 17,037.15 30,000.00 2,368.57
Ending Balance
29,225.87
28,448.52
27,667.93
26,884.09
26,096.98
25,306.59
24,512.90
23,715.91
22,915.60
22,111.96
21,304.96
20,494.61
19,680.87
18,863.75
18,043.22
17,219.28
16,391.90
15,561.07
14,726.78
13,889.02
13,047.76
12,203.00
11,354.72
10,502.90
9,647.54
8,788.61
7,926.10
7,060.00
6,190.29
5,316.95
4,439.98
3,559.35
2,675.06
1,787.08
895.40
0.00
Payment NOpening Balance Payment Amount Principal Payment Interest Payment
1 30,000.00 $859.28 $809.28 $50.00
2 29,190.72 $836.10 $810.63 $48.65
3 28,380.10 $812.88 $811.98 $47.30
4 27,568.12 $789.62 $813.33 $45.95
5 26,754.79 $766.33 $814.69 $44.59
6 25,940.10 $742.99 $816.04 $43.23
7 25,124.06 $719.62 $817.40 $41.87
8 24,306.65 $696.21 $818.77 $40.51
9 23,487.89 $672.75 $820.13 $39.15
10 22,667.76 $649.26 $821.50 $37.78
11 21,846.26 $625.73 $822.87 $36.41
12 21,023.39 $602.16 $824.24 $35.04
13 20,199.15 $578.56 $825.61 $33.67
14 19,373.54 $554.91 $826.99 $32.29
15 18,546.55 $531.22 $828.37 $30.91
16 17,718.19 $507.49 $829.75 $29.53
17 16,888.44 $483.73 $831.13 $28.15
18 16,057.31 $459.92 $832.52 $26.76
19 15,224.80 $436.08 $833.90 $25.37
20 14,390.89 $412.19 $835.29 $23.98
21 13,555.60 $388.27 $836.68 $22.59
22 12,718.92 $364.30 $838.08 $21.20
23 11,880.84 $340.30 $839.48 $19.80
24 11,041.36 $316.25 $840.88 $18.40
25 10,200.49 $292.17 $842.28 $17.00
26 9,358.21 $268.04 $843.68 $15.60
27 8,514.53 $243.88 $845.09 $14.19
28 7,669.44 $219.67 $846.49 $12.78
29 6,822.95 $195.43 $847.91 $11.37
30 5,975.04 $171.14 $849.32 $9.96
31 5,125.72 $146.81 $850.73 $8.54
32 4,274.99 $122.45 $852.15 $7.12
33 3,422.84 $98.04 $853.57 $5.70
34 2,569.26 $73.59 $855.00 $4.28
35 1,714.27 $49.10 $856.42 $2.86
36 857.85 $24.57 $857.85 $1.43
Total 16,051.04 30,000.00 933.99
Ending Balance
29,190.72
28,380.10
27,568.12
26,754.79
25,940.10
25,124.06
24,306.65
23,487.89
22,667.76
21,846.26
21,023.39
20,199.15
19,373.54
18,546.55
17,718.19
16,888.44
16,057.31
15,224.80
14,390.89
13,555.60
12,718.92
11,880.84
11,041.36
10,200.49
9,358.21
8,514.53
7,669.44
6,822.95
5,975.04
5,125.72
4,274.99
3,422.84
2,569.26
1,714.27
857.85
0.00

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