|
Month |
Beginning Balance |
Principal |
Interest |
Payments |
Ending Balance |
|
1 |
20,000.00 |
1,666.67 |
-0- |
1,666.67 |
18,333.33 |
|
2 |
18,333.33 |
1,666.67 |
366.67 |
2,033.34 |
16,666.67 |
|
3 |
16,666.67 |
1,666.67 |
333.33 |
2,000.00 |
15,000.00 |
|
4 |
15,000.00 |
1,666.67 |
300.00 |
1,966.67 |
13,333.33 |
|
5 |
13,333.33 |
1,666.67 |
266.67 |
1,933.34 |
11,666.67 |
|
6 |
11,666.67 |
1,666.67 |
233.33 |
1,900.00 |
10,000.00 |
|
7 |
10,000.00 |
1,666.67 |
200.00 |
1,866.67 |
8,333.33 |
|
8 |
8,333.33 |
1,666.67 |
166.67 |
1,833.34 |
6,666.67 |
|
9 |
6,666.67 |
1,666.67 |
133.33 |
1,800.00 |
5,000.00 |
|
10 |
5,000.00 |
1,666.67 |
100.00 |
1,766.67 |
3,333.33 |
|
11 |
3,333.33 |
1,666.67 |
66.67 |
1,733.34 |
1,666.67 |
|
12 |
1,666.67 |
1,666.67 |
33.33 |
1,700.00 |
-0- |
|
AMOUNT OF LOAN |
TERMS OF PAYMENT |
|
500.00 |
1 month |
|
501.00 - 1,000.00 |
2 months |
|
1,001.00 - 2,500.00 |
4 months |
|
2,501.00 - 3,500.00 |
6 months |
|
3,501.00 - 5,000.00 |
8 months |
|
5,001.00 - 8,000.00 |
10 months |
|
8,001.00 - 10,000.00 |
12 months |
|
AMOUNT OF LOAN |
TERMS OF PAYMENT |
|
10,001.00 - 15,000.00 |
18 months |
|
15,001.00 - 35,000.00 |
24 months |
|
35,001.00 - 45,000.00 |
28 months |
|
45,001.00 - 55,000.00 |
30 months |
|
55,001.00 - 65,000.00 |
32 months |
|
65,001.00 - 100,000.00 |
34 months |
|
101,000.00 & above |
36 months |
