PDF Sample Payment and Amortization Schedule - CUNA
[Pages:1]Sample Payment and Amortization Schedule
Principal: $3,000 Rate: 9% Simple interest Term: 24 months Interest Calculation Method: Simple interest and exact number of days Loan fee: $30
Date
09-01-20X3 1 10-01-20X3 2 11-01-20X3 3 12-01-20X3 4 01-01-20X4 5 02-01-20X4 6 03-01-20X4 7 04-01-20X4 8 05-01-20X4 9 06-01-20X4 10 07-01-20X4 11 08-01-20X4 12 09-01-20X4 13 10-01-20X4 14 11-01-20X4 15 12-01-20X4 16 01-01-20X5 17 02-01-20X5 18 03-01-20X5 19 04-01-20X5 20 05-01-20X5 21 06-01-20X5 22 07-01-20X5 23 08-01-20X5 24 09-01-20X5
Total
Total Payment
137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 137.07 136.93 3,289.54
Interest Payment
22.19 22.05 20.49 20.28 19.39 17.30 17.58 16.12 15.94 14.33 13.87 12.93 11.59 11.02
9.73 9.09 8.11 6.43 6.12 4.96 4.11 3.00 2.07 1.04 289.54
Principal Payment
114.88 115.02 116.58 116.79 117.68 119.77 119.49 120.95 121.33 122.74 123.20 124.14 125.48 126.05 127.34 127.98 128.96 130.64 130.95 132.11 132.96 134.07 135.00 135.89 3,000.00
Balance
3,000.00 2,885.12 2770.10 2653.52 2536.73 2419.05 2299.28 2179.79 2058.84 1937.51 1814.77 1691.57 1567.43 1441.95 1315.90 1188.56 1060.58
931.62 800.98 670.03 537.92 404.96 270.89 135.89
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