This document contains a table showing the amortization of a $10,000 loan with a 2% monthly interest rate over 12 periods. It shows the initial balance, monthly interest, principal payment, total monthly payment, and remaining balance for each period as the loan is paid off over time in equal installments.
This document contains a table showing the amortization of a $10,000 loan with a 2% monthly interest rate over 12 periods. It shows the initial balance, monthly interest, principal payment, total monthly payment, and remaining balance for each period as the loan is paid off over time in equal installments.
This document contains a table showing the amortization of a $10,000 loan with a 2% monthly interest rate over 12 periods. It shows the initial balance, monthly interest, principal payment, total monthly payment, and remaining balance for each period as the loan is paid off over time in equal installments.