Amortization Schedule
Principal  $15,000.00
Rate per Period 6%
Number of Periods 8
a_n[i 6.21
Payment # Amount Interest Principal Balance
0 0 0 0  $15,000.00
1  $2,415.54  $ 900.00  $1,515.54  $13,484.46
2  $2,415.54  $ 809.07  $1,606.47  $11,877.99
3  $2,415.54  $ 712.68  $1,702.86  $10,175.13
4  $2,415.54  $ 610.51  $1,805.03  $  8,370.10
5  $2,415.54  $ 502.21  $1,913.33  $  6,456.76
6  $2,415.54  $ 387.41  $2,028.13  $  4,428.63
7  $2,415.54  $ 265.72  $2,149.82  $  2,278.81
8  $2,415.54  $ 136.73  $2,278.81  $        0.00