Amortization schedule printable11/20/2023 ![]() The principal portion is simply the left over amount of the payment.As the outstanding loan balance decreases over time, less interest should be charged each period. Always be mindful of how a lender calculates, applies, and compounds your annual percentage rate as this impacts your schedule. For example, if a payment is owed monthly, this interest rate may be calculated as 1/12 of the interest rate multiplied by the beginning balance. ![]() This is often calculated as the outstanding loan balance multiplied by the interest rate attributable to this period's portion of the rate. ![]()
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