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Loan Summary

Number of Payments
60
Monthly Payment
$262.41
Total Principal Paid
$12,000.00
Total Interest Paid
$3,744.46
Total Paid
$15,744.46
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Yearly Amortization Schedule

PaymentsYearly TotalPrincipal PaidInterest PaidBalance
Year 1 (1-12)$3,148.89$1,894.61$1,254.28$10,105.39
Year 2 (13-24)$3,148.89$2,119.09$1,029.80$7,986.30
Year 3 (25-36)$3,148.89$2,370.18$778.72$5,616.12
Year 4 (37-48)$3,148.89$2,651.01$497.88$2,965.12
Year 5 (49-60)$3,148.89$2,965.12$183.78$0.00
Totals$15,744.46$12,000.00$3,744.46

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