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The following table shows a portion of a four-year amortization schedule.
4 Year Amortization Schedule
Month
Loan Amount or Principal
Interest Rate on Loan
Extra Payment to Principal
Payment
14 S
15 S
16 S
17 S
18 S
19 S
20 S
21 S
22 S
23 S
24 S
25 S
26 $
27 S
28 S
488.53 S
488.53 $
488.53 S
488.53 S
488.53 $
488.53 $
488.53 S
488.53 S
488.53 S
488.53 $
488.53 $
488.53 $
1488.53 $
488.53 S
488.53 S
Principal
$ 19,900.00
8.29%
S
383.92 $
386.58 S
389.25 S
391.93 S
394.64 S
397.37 S
400.11 S
402.88 S
405.66 S
408.46 S
411.29 S
414.13 S
416.99 S
419.87 S
422.77 S
Balance
104.61 $ 14.758.32
101.96 $ 14.371.75
99.28 S 13,982.50
Interest
96.60 S 13,590.57
93.89 S 13,195.93
91.16 S 12.798.56
88.42 S 12.398.44
85.65 $11.995.56
82.87 $11,589.90
80.07 $11.181.44
77.25 S 10.770.15
74.40 S 10.356.03
71.54 S
9.939.04
68.66 S
9.519.17
65.76 S
9.096.40

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