Amortization Schedule

Principal: $12,000,000.00
Interest Rate: 9.00%
Payment Interval: Semi-Annually
# of Payments: 20
Payment: $922,513.73

Schedule of Payments
Please allow for slight rounding differences.

Pmt #

Payment

Principal

Interest

Balance

922,513.73

382,513.73

540,000.00

11,617,486.27

922,513.73

399,726.85

522,786.88

11,217,759.42

782,240.58

1,062,786.88

Year 1
3

922,513.73

417,714.56

504,799.17

10,800,044.86

922,513.73

436,511.71

486,002.02

10,363,533.15

854,226.27

990,801.19

Year 2
5

922,513.73

456,154.74

466,358.99

9,907,378.41

922,513.73

476,681.70

445,832.03

9,430,696.71

932,836.44

912,191.02

Year 3
7

922,513.73

498,132.38

424,381.35

8,932,564.33

922,513.73

520,548.34

401,965.39

8,412,015.99

1,018,680.72

826,346.74

Year 4
9

922,513.73

543,973.01

378,540.72

7,868,042.98

10

922,513.73

568,451.80

354,061.93

7,299,591.18

1,112,424.81

732,602.65

Year 5
11

922,513.73

594,032.13

328,481.60

6,705,559.05

12

922,513.73

620,763.57

301,750.16

6,084,795.48

1,214,795.70

630,231.76

Year 6
13

922,513.73

648,697.93

273,815.80

5,436,097.55

14

922,513.73

677,889.34

244,624.39

4,758,208.21

1,326,587.27

518,440.19

Year 7
15

922,513.73

708,394.36

214,119.37

4,049,813.85

16

922,513.73

740,272.11

182,241.62

3,309,541.74

1,448,666.47

396,360.99

Year 8
17

922,513.73

773,584.35

148,929.38

2,535,957.39

18

922,513.73

808,395.65

114,118.08

1,727,561.74

1,581,980.00

263,047.46

844,773.45

77,740.28

Year 9
19

922,513.73

882,788.29

20
Year 10
Grand Total

922,513.76

882,788.29

39,725.47

1,727,561.74

117,465.75

12,000,000.00

6,450,274.63

0.00