Principal 120,000 Term

Annual Interest Rate 8% Month per year

No of months

Month Beg Balance Amort. Payment For interest For principal Ending Balance
1 120,000 881 800 81 119,919
2 119,919 881 799 81 119,838
3 119,838 881 799 82 119,757
4 119,757 881 798 82 119,675
5 119,675 881 798 83 119,592
6 119,592 881 797 83 119,509
7 119,509 881 797 84 119,425
8 119,425 881 796 84 119,341
9 119,341 881 796 85 119,256
10 119,256 881 795 85 119,170
11 119,170 881 794 86 119,084
12 119,084 881 794 87 118,998
13 118,998 881 793 87 118,910
14 118,910 881 793 88 118,823
15 118,823 881 792 88 118,734
16 118,734 881 792 89 118,645
17 118,645 881 791 90 118,556
18 118,556 881 790 90 118,466
19 118,466 881 790 91 118,375
20 118,375 881 789 91 118,283
21 118,283 881 789 92 118,192
22 118,192 881 788 93 118,099
23 118,099 881 787 93 118,006
24 118,006 881 787 94 117,912
25 117,912 881 786 94 117,817
26 117,817 881 785 95 117,722
27 117,722 881 785 96 117,627
28 117,627 881 784 96 117,530
29 117,530 881 784 97 117,433
30 117,433 881 783 98 117,336
31 117,336 881 782 98 117,237
32 117,237 881 782 99 117,139
33 117,139 881 781 100 117,039
34 117,039 881 780 100 116,939
35 116,939 881 780 101 116,838
36 116,838 881 779 102 116,736
37 116,736 881 778 102 116,634
38 116,634 881 778 103 116,531
39 116,531 881 777 104 116,427
40 116,427 881 776 104 116,323
41 116,323 881 775 105 116,218
42 116,218 881 775 106 116,112
43 116,112 881 774 106 116,006
44 116,006 881 773 107 115,899
45 115,899 881 773 108 115,791
46 115,791 881 772 109 115,682
47 115,682 881 771 109 115,573
48 115,573 881 770 110 115,463
49 115,463 881 770 111 115,352
50 115,352 881 769 112 115,241
51 115,241 881 768 112 115,128
52 115,128 881 768 113 115,015
53 115,015 881 767 114 114,902
54 114,902 881 766 115 114,787
55 114,787 881 765 115 114,672
56 114,672 881 764 116 114,556
57 114,556 881 764 117 114,439
58 114,439 881 763 118 114,321
59 114,321 881 762 118 114,203
60 114,203 881 761 119 114,084
61 114,084 881 761 120 113,964
62 113,964 881 760 121 113,843
63 113,843 881 759 122 113,722
64 113,722 881 758 122 113,599
65 113,599 881 757 123 113,476
66 113,476 881 757 124 113,352
67 113,352 881 756 125 113,227
68 113,227 881 755 126 113,101
69 113,101 881 754 127 112,975
70 112,975 881 753 127 112,848
71 112,848 881 752 128 112,719
72 112,719 881 751 129 112,590
73 112,590 881 751 130 112,460
74 112,460 881 750 131 112,330
75 112,330 881 749 132 112,198
76 112,198 881 748 133 112,065
77 112,065 881 747 133 111,932
78 111,932 881 746 134 111,798
79 111,798 881 745 135 111,663
80 111,663 881 744 136 111,526
81 111,526 881 744 137 111,389
82 111,389 881 743 138 111,252
 83 111,252 881 742 139 111,113
84 111,113 881 741 140 110,973
85 110,973 881 740 141 110,832
86 110,832 881 739 142 110,691
87 110,691 881 738 143 110,548
88 110,548 881 737 144 110,404
89 110,404 881 736 144 110,260
90 110,260 881 735 145 110,115
91 110,115 881 734 146 109,968
92 109,968 881 733 147 109,821
93 109,821 881 732 148 109,672
94 109,672 881 731 149 109,523
95 109,523 881 730 150 109,373
96 109,373 881 729 151 109,221
97 109,221 881 728 152 109,069
98 109,069 881 727 153 108,915
99 108,915 881 726 154 108,761
100 108,761 881 725 155 108,606
101 108,606 881 724 156 108,449
102 108,449 881 723 158 108,292
103 108,292 881 722 159 108,133
104 108,133 881 721 160 107,973
105 107,973 881 720 161 107,813
106 107,813 881 719 162 107,651
107 107,651 881 718 163 107,488
108 107,488 881 717 164 107,324
109 107,324 881 715 165 107,159
110 107,159 881 714 166 106,993
111 106,993 881 713 167 106,826
112 106,826 881 712 168 106,657
113 106,657 881 711 169 106,488
114 106,488 881 710 171 106,317
115 106,317 881 709 172 106,146
116 106,146 881 708 173 105,973
117 105,973 881 706 174 105,799
118 105,799 881 705 175 105,624
119 105,624 881 704 176 105,447
120 105,447 881 703 178 105,270
121 105,270 881 702 179 105,091
122 105,091 881 701 180 104,911
123 104,911 881 699 181 104,730
124 104,730 881 698 182 104,548
125 104,548 881 697 184 104,364
126 104,364 881 696 185 104,179
127 104,179 881 695 186 103,993
128 103,993 881 693 187 103,806
129 103,806 881 692 188 103,618
130 103,618 881 691 190 103,428
131 103,428 881 690 191 103,237
132 103,237 881 688 192 103,045
133 103,045 881 687 194 102,851
134 102,851 881 686 195 102,656
135 102,656 881 684 196 102,460
136 102,460 881 683 197 102,263
137 102,263 881 682 199 102,064
138 102,064 881 680 200 101,864
139 101,864 881 679 201 101,662
140 101,662 881 678 203 101,460
141 101,460 881 676 204 101,255
142 101,255 881 675 205 101,050
143 101,050 881 674 207 100,843
144 100,843 881 672 208 100,635
145 100,635 881 671 210 100,425
146 100,425 881 670 211 100,214
147 100,214 881 668 212 100,002
148 100,002 881 667 214 99,788
149 99,788 881 665 215 99,573
150 99,573 881 664 217 99,356
151 99,356 881 662 218 99,138
152 99,138 881 661 220 98,918
153 98,918 881 659 221 98,697
154 98,697 881 658 223 98,475
155 98,475 881 656 224 98,251
156 98,251 881 655 226 98,025
157 98,025 881 654 227 97,798
158 97,798 881 652 229 97,570
159 97,570 881 650 230 97,340
160 97,340 881 649 232 97,108
161 97,108 881 647 233 96,875
162 96,875 881 646 235 96,640
163 96,640 881 644 236 96,404
164 96,404 881 643 238 96,166
165 96,166 881 641 239 95,927
166 95,927 881 640 241 95,686
167 95,686 881 638 243 95,443
168 95,443 881 636 244 95,199
169 95,199 881 635 246 94,953
170 94,953 881 633 247 94,705
171 94,705 881 631 249 94,456
172 94,456 881 630 251 94,205
173 94,205 881 628 252 93,953
174 93,953 881 626 254 93,699
175 93,699 881 625 256 93,443
176 93,443 881 623 258 93,185
177 93,185 881 621 259 92,926
178 92,926 881 620 261 92,665
179 92,665 881 618 263 92,402
180 92,402 881 616 265 92,138
181 92,138 881 614 266 91,872
182 91,872 881 612 268 91,604
183 91,604 881 611 270 91,334
184 91,334 881 609 272 91,062
185 91,062 881 607 273 90,789
186 90,789 881 605 275 90,513
187 90,513 881 603 277 90,236
188 90,236 881 602 279 89,957
189 89,957 881 600 281 89,677
190 89,677 881 598 283 89,394
191 89,394 881 596 285 89,109
192 89,109 881 594 286 88,823
193 88,823 881 592 288 88,535
194 88,535 881 590 290 88,244
195 88,244 881 588 292 87,952
196 87,952 881 586 294 87,658
197 87,658 881 584 296 87,362
198 87,362 881 582 298 87,064
199 87,064 881 580 300 86,764
200 86,764 881 578 302 86,461
201 86,461 881 576 304 86,157
202 86,157 881 574 306 85,851
203 85,851 881 572 308 85,543
204 85,543 881 570 310 85,233
205 85,233 881 568 312 84,920
206 84,920 881 566 314 84,606
207 84,606 881 564 316 84,290
208 84,290 881 562 319 83,971
209 83,971 881 560 321 83,650
210 83,650 881 558 323 83,327
211 83,327 881 556 325 83,002
212 83,002 881 553 327 82,675
213 82,675 881 551 329 82,346
214 82,346 881 549 332 82,014
215 82,014 881 547 334 81,681
216 81,681 881 545 336 81,345
217 81,345 881 542 338 81,006
218 81,006 881 540 340 80,666
219 80,666 881 538 343 80,323
220 80,323 881 535 345 79,978
221 79,978 881 533 347 79,631
222 79,631 881 531 350 79,281
223 79,281 881 529 352 78,929
224 78,929 881 526 354 78,575
225 78,575 881 524 357 78,218
226 78,218 881 521 359 77,859
227 77,859 881 519 361 77,498
228 77,498 881 517 364 77,134
229 77,134 881 514 366 76,768
230 76,768 881 512 369 76,399
231 76,399 881 509 371 76,028
232 76,028 881 507 374 75,654
233 75,654 881 504 376 75,278
234 75,278 881 502 379 74,899
235 74,899 881 499 381 74,518
236 74,518 881 497 384 74,134
237 74,134 881 494 386 73,748
238 73,748 881 492 389 73,359
239 73,359 881 489 391 72,968
240 72,968 881 486 394 72,574
241 72,574 881 484 397 72,177
242 72,177 881 481 399 71,778
243 71,778 881 479 402 71,376
244 71,376 881 476 405 70,971
245 70,971 881 473 407 70,563
246 70,563 881 470 410 70,153
247 70,153 881 468 413 69,741
248 69,741 881 465 416 69,325
249 69,325 881 462 418 68,907
250 68,907 881 459 421 68,485
251 68,485 881 457 424 68,062
252 68,062 881 454 427 67,635
253 67,635 881 451 430 67,205
254 67,205 881 448 432 66,773
255 66,773 881 445 435 66,337
256 66,337 881 442 438 65,899
257 65,899 881 439 441 65,458
258 65,458 881 436 444 65,014
259 65,014 881 433 447 64,567
260 64,567 881 430 450 64,117
261 64,117 881 427 453 63,663
262 63,663 881 424 456 63,207
263 63,207 881 421 459 62,748
264 62,748 881 418 462 62,286
265 62,286 881 415 465 61,821
266 61,821 881 412 468 61,352
267 61,352 881 409 472 60,881
268 60,881 881 406 475 60,406
269 60,406 881 403 478 59,928
270 59,928 881 400 481 59,447
271 59,447 881 396 484 58,963
272 58,963 881 393 487 58,476
273 58,476 881 390 491 57,985
274 57,985 881 387 494 57,491
275 57,491 881 383 497 56,994
276 56,994 881 380 501 56,493
277 56,493 881 377 504 55,989
278 55,989 881 373 507 55,482
279 55,482 881 370 511 54,972
280 54,972 881 366 514 54,458
281 54,458 881 363 517 53,940
282 53,940 881 360 521 53,419
283 53,419 881 356 524 52,895
284 52,895 881 353 528 52,367
285 52,367 881 349 531 51,835
286 51,835 881 346 535 51,301
287 51,301 881 342 539 50,762
288 50,762 881 338 542 50,220
289 50,220 881 335 546 49,674
290 49,674 881 331 549 49,125
291 49,125 881 327 553 48,572
292 48,572 881 324 557 48,015
293 48,015 881 320 560 47,455
294 47,455 881 316 564 46,891
295 46,891 881 313 568 46,323
296 46,323 881 309 572 45,751
297 45,751 881 305 576 45,175
298 45,175 881 301 579 44,596
299 44,596 881 297 583 44,013
300 44,013 881 293 587 43,426
301 43,426 881 290 591 42,835
302 42,835 881 286 595 42,240
303 42,240 881 282 599 41,641
304 41,641 881 278 603 41,038
305 41,038 881 274 607 40,431
306 40,431 881 270 611 39,820
307 39,820 881 265 615 39,205
308 39,205 881 261 619 38,586
309 38,586 881 257 623 37,963
310 37,963 881 253 627 37,335
311 37,335 881 249 632 36,704
312 36,704 881 245 636 36,068
313 36,068 881 240 640 35,428
314 35,428 881 236 644 34,783
315 34,783 881 232 649 34,135
316 34,135 881 228 653 33,482
317 33,482 881 223 657 32,824
318 32,824 881 219 662 32,163
319 32,163 881 214 666 31,497
320 31,497 881 210 671 30,826
321 30,826 881 206 675 30,151
322 30,151 881 201 680 29,472
323 29,472 881 196 684 28,788
324 28,788 881 192 689 28,099
325 28,099 881 187 693 27,406
326 27,406 881 183 698 26,708
327 26,708 881 178 702 26,005
328 26,005 881 173 707 25,298
329 25,298 881 169 712 24,586
330 24,586 881 164 717 23,870
331 23,870 881 159 721 23,148
332 23,148 881 154 726 22,422
333 22,422 881 149 731 21,691
334 21,691 881 145 736 20,955
335 20,955 881 140 741 20,214
336 20,214 881 135 746 19,469
337 19,469 881 130 751 18,718
338 18,718 881 125 756 17,962
339 17,962 881 120 761 17,201
340 17,201 881 115 766 16,436
341 16,436 881 110 771 15,665
342 15,665 881 104 776 14,889
343 14,889 881 99 781 14,107
344 14,107 881 94 786 13,321
345 13,321 881 89 792 12,529
346 12,529 881 84 797 11,732
347 11,732 881 78 802 10,930
348 10,930 881 73 808 10,122
349 10,122 881 67 813 9,309
350 9,309 881 62 818 8,491
351 8,491 881 57 824 7,667
352 7,667 881 51 829 6,837
353 6,837 881 46 835 6,002
354 6,002 881 40 841 5,162
355 5,162 881 34 846 4,316
356 4,316 881 29 852 3,464
357 3,464 881 23 857 2,607
358 2,607 881 17 863 1,744
359 1,744 881 12 869 875
360 875 881 6 875 0
 30
12
360
Yellow = what we goal seek. Last cell of ending balance of last month, value=0, by changing the amort payment which is the ye