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Amortization graph
270
3. Scroll down the table
to payment group 10.
Note that after 10
years, $22,835.53
has been paid off the
principal and
$90,936.47 paid in
interest, leaving a balloon payment due of
$127,164.47.
Press
P
to see the
amortization schedule
presented graphically.
The balance owing at the
end of each payment
group is indicated by the
height of a bar. The
amount by which the
principal has been reduced, and interest paid, during a
payment group is shown at the bottom of the bottom of the
screen. The example at the right shows the first payment
group selected. This represents the first group of 12
payments (or the state of the loan at the end of the first
year). By the end of that year, the principal had been
reduced by $1,676.57 and $9,700.63 had been paid in
interest.
Tap
>
or
<
to see the amount by which the principal
has been reduced, and interest paid, during other
payment groups.
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