Monthly Amortization Schedule
Prepared by: [Your Name]
Month 1: January
Week 1
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
1 | 01-Jan | $10,000.00 | $50.00 | $811.60 | $9,188.40 |
Week 2
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
2 | 08-Jan | $9,188.40 | $45.94 | $815.66 | $8,372.74 |
Week 3
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
3 | 15-Jan | $8,372.74 | $41.86 | $819.74 | $7,553.00 |
Week 4
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
4 | 22-Jan | $7,553.00 | $37.77 | $823.83 | $6,729.17 |
Month 2: February
Week 1
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
5 | 01-Feb | $6,729.17 | $33.65 | $827.95 | $5,901.22 |
Week 2
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
6 | 08-Feb | $5,901.22 | $29.51 | $832.09 | $5,069.14 |
Week 3
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
7 | 15-Feb | $5,069.14 | $25.35 | $836.25 | $4,232.89 |
Week 4
Payment # | Payment Date | Beginning Balance | Interest | Principal | Ending Balance |
|---|
8 | 22-Feb | $4,232.89 | $21.16 | $840.44 | $3,392.45 |
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